Problem 5-47 Amortizing Loans and Inflation (LO3)Suppose you take out a $116,000, 20-year mortgage loan to buy acondo. The interest rate on the loan is 4%. To keep things simple,we will assume you \begin{tabular}{|r|r|r|r|r|r|} \hline Year & \multicolumn{1}{|l|}{ BB } & Interest Due & Payments & \multicolumn{2}{|c|}{ Amortized Payment EB } \\ \hline 1 & \( 116000.00 \) & \( 4640.00 \) & \( 8535 2 answers