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For the next four questions, consider this incomplete amortization schedule for the loan below. The loan calls for equal annual payments at the end of

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For the next four questions, consider this incomplete amortization schedule for the loan below. The loan calls for equal annual payments at the end of each year, starting at EOY 1. Loan Term: 3 Years Loan amount: $20,000 r = 4.00%, compounded annually Quantity Year o Year 1 2 3 BOY Balance NA $20,000 NA $7,206.97 Loan Payment () Interest portion NA Amortization portion NA EOY Balance $20,000 U 17 19 What is the loan balance at EOY 1, after the Year 1 payment has been made? D la 18 19 What is the Interest portion of the Year 1 loan payment? U 08 19 19 What is the Year 3 Loan Payment? U 20 15 What is the loan balance at EOY 3, after the Y3 payment has been made

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