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Please show equations so I can try to follow along. You are looking to do some improvements on your home and anticipate taking a loan

Please show equations so I can try to follow along.

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You are looking to do some improvements on your home and anticipate taking a loan to pay for them. The proposed cost of the improvements is $8,500.00. After speaking with the bank, you can obtain a 5 year loan at 4% annual interest. Using the interest rate charts is acceptable, if applicable. Prepare an amortization chart, lfor the loan if it is paid back on a yearly basis. Show all calculations for the yearly loan payment, interest paid and principal paid. Show the sums for all interest, principal and yearly payments made

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