Score: ALT-EZ-INSTALLMENT LOAN Choose exercise (1-5) 1 Present Value of $1.00 4% 5% 6% 7% 8% 1 0.961538 0.952381 0.943396 0.934579 0.925925926 2 0.924556 0.907029 0.889996 0.873439 0.85733882 3 0.888996 0.863838 0.839619 0.816298 0.793832241 4 0.854804 0.822702 0.792094 0.762895 0.735029853 5 0.821927 0.783526 0.747258 0.712986 0.680583197 Present Value of a Stream of Equal Cash Flows 4% 5% 6% 7% 8% 1 0.961538 0.952381 0.943396226 0.9345794 0.925926 2 1.886095 1.85941 1.833392666 1.8080182 1.783265 3 2.775091 2.723248 2.673011949 2.624316 2.577097 4 3.629895 3.545951 3.4651056133.3872113 3.312127 5 4.451822 4.329477 4.212363786 4.1001974 3.99271 Nelly Company borrowed $5,000 a 3-year, 4.00% installment loan. INTEREST PRINCIPAL PMT EXPENSE REDUCTIONLOAN BAL PERIOD 1. What is the payment amount on the loan? 0 0 1 2. Fill in the loan amortization table (+ $1.00 or - $1.00 tolerance) 2 3 Check: 0 0 1 0 0 0 0 2 0 0 0 0 3 0 0 0 1