REAL 4300 Fal 2017 Question 1 Piease calculate and indicate the payments, total payments of principal, interest and the balances each year for the following loan: All the same loan amount ($230,000) and 6% interest. Annual Payment only Loan amount-$230,000. Interest Rate-6%, Loan Term-5 years, payments-Annual y Please construct a loan schedule for same loan amount and interest at 6% based on 5xaual principal payments with interest on the declining balance. Total Payment Year Interest/Year Principal/Year Balance Year 1. 2014 2. 2015 3. 2016 4. 2017 5. 2018 Total Add to check your work) Question2 Fully amortized $230,000 loan (equal Total Payments of P&1year) with totals. With a loan constant 0.237396. ($1 borrowed at 6% for 5 years 0237396) Year Total Interest/Year Principal/Year Balance Payment Year 1. 2014 2. 2015 3. 2016 4. 2017 5. 2018 Total Add to check your work)