P4-21 (similar to) Question Help Amortization schedule. Chuck Ponzi has talked an elderly woman into loaning him $35,000 for a new business venture. She has, however, successfully passed a finance class and requires Chuck to sign a binding contract on repayment of the $35,000 with an annual interest rate of 9% over the next 5 years. Ponzi may choose to pay off the loan early if interest rates change during the next 5 years. Determine the ending balance of the loan each year under the three different payment plans! a. the discount loan b. the interest-only loan c. the fully amortized loan. a. If Chuck chooses the discount loan, what is the ending balance of the discount loan in year 1? $ 38,150.00 (Round to the nearest cent.) What is the ending balance of the discount loan in year 2? $ (Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer. 13 parts Clear All I remaining Check