PSTiO" 4 Amy has gone through her statements for the year and created this chart to summarize her expenses. tiled iced out o' Amy's Annual Expenditures i Rent $ 3.530 .00 2:29.- Utilities a; 343mm Internet 8. Phone 35 1.89600 Entertainment $ 2232.00 Student Loan Payment 35 4.11500 Home &Auto Insurance 35 115400 Food $ 8.000 .00 Car Payment & Gas $ 282000 Travel 35 1.20000 Savings $ 120000 Personal Expenses $ 1.84T.00 Pet Expenses 35 965.00 Business Expenses 35 4:800 .00 Q4. If Amy takes this year's savings and deposits it into an 13month Certificate of Deposit account earning 1.25% AP! with monthly paid interest, how much interest will she earn? uestion 5 Q5. The "Business Expenses" portion of Amy's expenditures refers to the cupcake business she started out of her home. It is at yet becoming increasingly popular, and she is considering taking out a loan of $5000 that will help her increase the size of her business. iswered Determine the monthly payments for each loan offer below. arked out of 10 2 Year Loan Business Loan Amortization Schedule Flag estion Date Interest Principal Balance Jan, 2020 $26 $196 $4,804 Feb, 2020 $25 $197 $4,606 Mar. 2020 524 $198 $4.408 Apr, 2020 $23 $199 $4.209 May. 2020 $21 $200 $4,008 Jun, 2020 $20 $201 $3.807 Jul, 2020 $19 5202 $3,604 Aug. 2020 $18 $203 $3.401 Sep. 2020 $17 $205 $3.196 Oct, 2020 $16 $206 $2,991 Nov, 2020 $15 5207 52,784 Dec. 2020 $14 $208 $2,576 2020 $239 $2,424 $2,576 3 Year Loan Business Loan Amortization Schedule Date Interest Principal Balance Jan, 2020 $26 $127 $4.873 Feb, 2020 $25 $128 $4,746 Mar, 2020 524 $128 $4.617 Apr, 2020 $24 $129 $4.489 May. 2020 $23 $129 $4.359 Jun, 2020 $22 $130 $4 229 Jul, 2020 522 $131 $4.098 Aug. 2020 $21 $131 $3.967 Sep. 2020 $20 $132 $3.835 Oct. 2020 $20 $133 $3.702 Nov, 2020 $19 $133 53.568 Doc, 2020 $18 $134 $3.434 2020 $263 $1.566 $3.434Question 6 Q6. Looking at the coming year's expenditures, Amy expects all expenses to be the same except for "Car Payment and Gas". She still plans to Not yet spend $60 per month in gas, but her car will be paid off. If she uses the money from her car payment to make her loan payments, which loan answered could she afford? Marked out of 1.00 2 Year Loan Flag Business Loan Amortization Schedule question Date Interest Principal Balance Jan, 2020 $26 $196 $4,804 Feb, 2020 $25 $197 $4.606 Mar, 2020 $24 $198 $4,408 Apr, 2020 $23 $199 $4.209 May, 2020 $21 $200 $4,008 Jun, 2020 $20 $201 $3,80 Jul, 2020 $19 5202 $3.60- Aug. 2020 $18 $203 $3.40 Sep. 2020 $17 $205 $3.196 Oct, 2020 $16 $206 52.991 Nov, 2020 $15 $207 $2.78 Doc. 2020 $14 $208 $2.576 2020 $239 $2,424 $2,576 3 Year Loan Business Loan Amortization Schedule Date Interest Principal Balance Jan, 2020 $26 $127 $4.873 Feb, 2020 $25 $128 $4.746 Mar, 2020 $24 $128 54.617 Apr, 2020 $24 $129 $4.489 May. 2020 $23 $129 $4 359 Jun, 2020 522 $130 $4 229 Jul, 2020 $22 $131 $4 098 Aug. 2020 $21 $131 $3.967 Sep. 2020 $20 $132 $3.835 Oct, 2020 $20 $133 $3 702 Nov, 2020 $19 $133 53.568 Dec. 2020 $18 $134 $3.434 2020 $263 $1.566 $3.434