Step 2: Prepare the Amortization Table (1) Int paid in 1$9,930.00 (2) Bal rem at \$ 48,315.30 (3) Princ repai \$ (4,392.30) Sten 2. Prenare the Amnrtization Tahle Thus, higher the compounding periods, higher the Effective Rate Step 2: Prepare the Amortization Table (1) Int paid in 1$9,930.00 (2) Bal rem at \$ 48,315.30 (3) Princ repai \$ (4,392.30) Sten 2. Prenare the Amnrtization Tahle Thus, higher the compounding periods, higher the Effective Rate