lan loaned his friend $20,000 to start a new business. He considers this loan to be an investment, and therefore requires his friend to pay him an interest rate of 7% on the loan. He also expects his friend to pay back the loan over the next four years by making annual payments at the end of each year, Ian texted and asked that you help him calculate the annual payments that he should expect to receive so that he can recover his initial Investment and earn the agreed-upon 7% on his investment. Calculate the annual payment and complete the following capital recovery schedule: Year Payment Interest Paid Principal Paid Ending Balance Beginning Amount $20,000.00 1 2 3 $0.01 n loaned his friend $20,000 to start a new business. He considers this loan to be an investment, and therefore requires Cerest rate of 7% on the loan. He also expects his friend to pay back the loan over the next four years by making annual ch year. Ian texted and asked the m calculate the annual payments that he should expect to receive so that $5,904.56 vestment and earn the agreed-u investment. alculate the annual payment and $11,061.84 following capital recovery schedule: $1,422.22 $413.42 Year Interest Paid Principal Paid Ending Balance Beginning Amount $20,000.00 1 2 3 4 $0.01 Grade It Now riend $20,000 to start a new business. He considers this loan to be an investmer % on the loan. He also expects his friend to pay back the loan over the next fou exted and asked that you help him calcul pl payments that he shoul $1,084.68 earn the agreed-upon 7% on his investm nual payment and complete the following $1,554.00 Very schedule: $747.29 ning Amount Payment $1,400.00 id Principal Paid 20,000.00 to start a new business. He considers this loan to be an investment, and there n. He also expects his friend to pay back the loan over the next four years by ked that you help him calculate the annual paymg hould expect to $4,504.56 eed-upon 7% on his investment. $4,819.88 t and complete the following capital recovery sch $5,157.27 ht $5,000.06 lid Payment Interest Paid Ending $0. ss. He considers this loan to be an investment, and therefore requires his friend to pay back the loan over the next four years by making annual p calculate the annual payments that he should e e so that h vestment. $15,495.44 owing capital recovery schedule: $10,675.56 $11,931.49 $5,518.29 Interest Paid Principal Paid mm $0.01 He also expects his friend to pay back th each year. Ian texted and asked that you help him calculate the annual Investment pgreed-upon 7% on his investment. $10,675.56 Calculate th hent and complete the following capital recover $15,495.44 Year B $11,931.49 bunt $5,518.29 Payment Interest Paid 1 2. 3 4 friend $2 of 7% on the loan. He also expects his friend to pay back the loan over th texted and asked that you help him calculate the annual payments that nd earn the agreed-ur investment. $413.42 annual payment and following capital recovery schedule: $1,422.22 $11,061.84 ginning Amount Interest Paid Princip $5,904.56 $20,000.00 loan. He also expects his friend to pay back the loan over the next four yea asked that you help him calculate the annual payments that he should expe greed-upon 7% on his investm $1,400.00 ent and complete the following Very schedule: $639.96 unt Payment $747.29 lid $1,084.68 Principal Paid En TE a new business. He considers this loan to be an investment, and therefore requ o expects his friend to pay back the loan over the next four years by making a hou help him calculate the annual payments that he should expect to receive sa 7% on his investment. $5,157.27 aplete the following capital recovery sch $2,843.73 Payment Interest Paid $4,819.88 bid $4,504.56 Ending Balance $0.01 o pay back the loan over the next four years by making annual payments the annual payments that he should expect to receive so that he can re at. $5,518.29 apital recovery schedule: $7,045.87 $15,495.44 interest Paid Principal Paid ce $10,675.56 T $0.01 Alon Save interest rate of 7% on the loan. He also expects his friend to pay back the each year. Ian texted and asked that you help him calculate the annual p investment and earn the agreed-upon 7% on his investment. Calculate th hent and complete the following capital recovery $9,501.25 $15,495.44 Year B $10,675.56 punt Payment Interest Paid 1 $5,518.29 2 3 4 texted and asked that you help him calculate the annual payments th Searn the agreed-upon 7% on his investment. nnual payment and $1,422.22 following capital recovery schedule: $11,061.84 inning Amount $413.42 Princi Interest Paid $20,000.00 $5,904.56 im calculate the annual payments that he should expect to rec investment. following $1,400.00 Very schedule: $386.28 lid $635.20 Principal Paid Ending Ba $747.29 $0.01 business. He considers this loan to be an investment, and therefore requires hi pects his friend to pay back the loan over the next four years by making annual elp him calculate the annual payments that he should expect to receive so that n his investment. the following capital recovery sch $5,157.27 $4,819.88 ment Interest Paid $5,518.28 pid Ending Balance $4,383.68 $0.01 sk the loan over the next four years by making annual payment ual payments that he should expect to receive so that he can re overy schedule: $4,856.10 $15,495.44 Paid Principal Paid $5,518.29 ce $10,675.56 $0.01 ate the annual payme Investment and earn the agreed-upon 7% on his investment. Calculate the annual payment and complete the following capital recovery sche $5,518.29 Year B $15,495.44 punt Payment Interest Paid P 1 $4,966.46 2 $10,675.56 3 4 exted and asked that you help him calculate the annual payments that earn the agreed-upon 7% on his investment. nual payment and complete the following capital recovery schedule: $11,061.84 $413.42 Interest Paid Principa mning Amount 20,000.00 $1,422.22 $5,904.56 loan. He also expects pay back the loan over the next four asked that you help him calculate the annual payments that he should e agreed-upon 7% on his investment. ment and complete the following capital recovery schedule: $747.29 ount Payment $482.85 Jid Principal Paid 0 $1,084.68 $386.28 phim calculate the annual payments that he should expect this investment the following capital recovery schedule: $5,157.27 ment Interest Paid $4,819.88 bid Endin: $6,897.85 $5,518.28 $