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PROBLEMS (6.0 Points Each) 1) The following loan is fully amortizing. The loan is for $13,000 at 10% interest to be repaid over three (3)

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PROBLEMS (6.0 Points Each) 1) The following loan is fully amortizing. The loan is for $13,000 at 10% interest to be repaid over three (3) years. Amoliize this loan on a monthly basis. Calculate the interest portion of the fourth {4, payment considering that an additional payment of $2,000 was made with the second payment. (Read this carefully)

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