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1. Complete an amortization schedule for the following situation. A loan of $2000 is to be paid back with 6 month installments over 2 years with an interest rate of 1% compounded semi-annually. [ /6 ]

Payment Number Payment Amount Interest Amount Principal Amount Balance

2. Complete a sinking fund schedule for the following situation. A savings account of with 1.5% compounded semiannually will be used to reach $1500. Payments will be made at the end of every 6 months for 3 years. Additionally, find the total interest paid. [ /6 ]

Payment Number Payment Amount Interest Amount Principal Amount Balance