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Loan Amortization question The following loan requires equal payments at the end of each payment interval. The compounding period equals the payment interval. Round payments

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Loan Amortization question The following loan requires equal payments at the end of each payment interval. The compounding period equals the payment interval. Round payments to the nearest cent. -Calculate the interest component of Payment 20. Original Principal (5) 30,000 Amortization period (years) Payment frequency Monthly Interest rate (%) 5.6% 10 Select one: a. 131.57 b. 128.46 c. none of them d. 122.70 e. 118.34 a

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