Price of the car 60000 Interest rate Down Payment Amt Financed Time Period Future value Amortization for Loan amount 5% per year 0 60000 5 years 0 You take a loan of $60000 at 5% per year. You want to pay it off in 5 year and make a payment at the beginning of each year. What is the Loan amount at the end of year 3 Payment ($13,198.56) Loan at beginning Payment Interest Payment for Principal Loan at end