Ch 05- Video Lesson - Time Value of Money Now it's time for you to practice what you've learned. Suppose Maria receives a $34,000.00 loan to be repaid in equal installments at the end of each of the next 3 years. The interest rate is 8% compounded annually. idy Tools s Tips s Tips Complete the following amortization schedule by calculating the payment, interest, repayment of principal, and ending balance for each year. Year Beginning Amount Payment Interest Repayment of Principal Ending Balance $34,000.00 YOU 1 2 3 $0.00 ssay Complete the following table by determining the percentage of each payment that represents interest and the percentage that represents principal fe each of the three years Percentage of Payment Payment Component Year 1 Year 2 Year 3 Interest Repayment of Principal ack TOTAL SCORE 7110 Grade Final Grade It Now Save & Continue Ch 05- Video Lesson - Time Value of Money Now it's time for you to practice what you've learned. Suppose Maria receives a $34,000.00 loan to be repaid in equal installments at the end of each of the next 3 years. The interest rate is 8% compounded annually. idy Tools s Tips s Tips Complete the following amortization schedule by calculating the payment, interest, repayment of principal, and ending balance for each year. Year Beginning Amount Payment Interest Repayment of Principal Ending Balance $34,000.00 YOU 1 2 3 $0.00 ssay Complete the following table by determining the percentage of each payment that represents interest and the percentage that represents principal fe each of the three years Percentage of Payment Payment Component Year 1 Year 2 Year 3 Interest Repayment of Principal ack TOTAL SCORE 7110 Grade Final Grade It Now Save & Continue