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**Graph in part b goes to 8** PLEASE COMPLETE GRAPH ALL THE WAY TO 8 YEARS, A bank loan requires you to pay $73,500 at

**Graph in part b goes to 8**image text in transcribed

PLEASE COMPLETE GRAPH ALL THE WAY TO 8 YEARS,

A bank loan requires you to pay $73,500 at the end of each of the next eight years. The interest rate is 10%. a. What is the present value of these payments? (Do not round intermediate calculations. Round your answer to 2 decimal places.) b. Complete the following amortization table. (Negative amounts should be indicated by a minus sign. Round your answers to nearest whole dollar amount.)

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