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Q11) Prepare the first row of a loan amortization schedule based on the following information. The loan amount is for $13,122.00 with an annual interest
Q11) Prepare the first row of a loan amortization schedule based on the following information. The loan amount is for $13,122.00 with an annual interest rate of 17.93%. The loan will be repaid over 3.0 years with monthly payments. a) Loan payment (1 point) b) Interest portion (1 point) C) Principle portion (1 point) d) Loan balance after first monthly payment (1 point) Q12) What is the most you would be willing to pay for a investment that will pay you $690.00 in one year, $281.00 in two years, and $299.00 in three years, if your required rate of return for this type of investment is 11.73% ? (1.5
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