Question # 2::

2. Calculate the quarterly payment for a loan of $28,300 at 7.25% for 10 years. Construct an amortization table for the first four quarterly payments. 3. Suppose you borrow $8,000 to put a new roof on your house. The loan term is 6 years, payments are monthly, and the interest rate is 8.14%. Find the monthly payment and determine how much of your first payment goes toward interest and how much goes toward reducing the balance that you owe. 4. Toran just oraduated from