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Question 1 What is the annual payment on a $46 thousand, 13-year amortized loan. Assume the loan has a 8.1% APR Enter your answer as

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Question 1 What is the annual payment on a $46 thousand, 13-year amortized loan. Assume the loan has a 8.1% APR Enter your answer as a number with two places of precision (ie. 100.54). Do not use commas or the dollar sign. Do not enter your answer as a negative number What is the MONTHLY payment on a $77 thousand, 26-year amortized loan. Assume the loan has a 6.3% APR HINT Make the adjustments to convert (1) the APR into a monthly periodic rate, and (2) 'N' into the number of months Enter your answer as a number with two places of precision (e. 100.54) Do not use commas or the dollar sign. Do not enter your answer as a negative number

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