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Suppose you borrow $ 1 4 , 0 0 0 . The interest rate is 8 % , and it requires 4 equal end -

Suppose you borrow $14,000. The interest rate is 8%, and it requires 4 equal end-of-year payments. Set up an mortization schedule that shows the annual payments, interest payments, principal repayments, and beginning nd ending loan balances. Round your answers to the nearest cent. If your answer is zero, enter "0".
\table[[Year,,\table[[Beginning],[Balance]],,Payment,,Interest,,\table[[Repayment],[of Principal]],,\table[[Ending],[Balance]]],[1,$,,$,,$,,$,,$,],[2,$,,$,,$,,$,,$,],[3,$,,$,,$,,$,,$,],[4,$,,$,,$,,$,,$,]]
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