Fountain Corp will take a loan of 31000000 that is to be amortized by making payments at the end of quarter for 23 years. Interest on the debt is 11.00% compounded quarterly 1.Calculate the amount of the semiamust loan payments. Round to 2 decimal places 2. Uning the AMORT function find the values for the banks in the table below Payment Amount paid Interest paid Principal Paid Balance 1 per calculation 8.525.00 765.82 309,234.18 15 per calculation 8,171 20 296,014.76 27 per calculation 7,740.38 1,550.44 47 per calculation 2,667.42 238,183.60 FINAL Total Interest Paid Total Cost of loan Start by calculating the payment amount required to pay off the loan NOTE: the number in brackets shows the porta letter that blank. It does not form part of your actions END/BEG (1) P/Y (1) CY NIZ 1/1) PV FV PMT 2 TE