Question 12 Not yet answered Marked out of 8.00 Flag question You are interested to borrow OMR60,000 from the bank at 11% interest over the six-year life of the loan, what equal annual payments must be made to discharge the loan, plus pay the bank its required rate of interest (round to the nearest dollar)? How much of your first payment will be applied to interest? To principle? How much of your second payment will be applied to each? a- Prepare Amortization table (Loan payoff Schedule) < > Files Maximum size for new files: 10MB