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Loan Amortization: Principal repayment Suppose you borrowed $ 2 5 , 0 0 0 at a rate of 8 % and must repay it in

Loan Amortization: Principal repayment
Suppose you borrowed $25,000 at a rate of 8% and must repay it in 4 equal installments at the end of each of the next 4 years. By how much would you reduce the amount you owe in the first year?
Loan Amortization: Ending balance
Suppose you borrowed $25,000 at a rate of 8% and must repay it in 4 equal installments at the end of each of the next 4 years. How much would you still owe at the end of the first year, after you have made the first payment?
Please use BAII Plus and show the steps to calc
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