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Large semitrailer trucks cost $135,000 each. A trucking company buys such a truck and agrees to pay for it by a loan that will be

Large semitrailer trucks cost $135,000 each. A trucking company buys such a truck and agrees to pay for it by a loan that will be amortized with 8 semiannual payments at 17% compounded semiannually. Complete an amortization schedule for the first four payments of the loan.

(Round to the nearest cent as needed. Do not include the $ symbol in your answers.)

Payment Number

Amount of Payment

Interest Payment

Applied to Principal

Balance

$135,000

1

$enter your response here

$enter your response here

$enter your response here

$enter your response here

Part 2

2

$enter your response here

$enter your response here

$enter your response here

$enter your response here

Part 3

3

$enter your response here

$enter your response here

$enter your response here

$enter your response here

Part 4

4

$enter your response here

$enter your response here

$enter your response here

$enter your response here

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