Question 19 Not yet answered Marked out of 1.00 Your brother plans to borrow $99,000 at a 6.5% interest rate compounded annually. The contract terms require your brother to amortize the loan with 10 equal payments each made at the end of each year. He asks for your help to construct an amortization schedule showing details of the payments. Answer the following question: After the first payment, how much of the loan balance remains to be paid? Do not enter text or characters such as dollar sign or comma Answer: Try Some Exercises (Ch.14) - Not for marks