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The interest rate on a S6400 loan is 5% compounded semiannually. If the loan is to be repaid by monthly payments over a four-year term,
The interest rate on a S6400 loan is 5% compounded semiannually. If the loan is to be repaid by monthly payments over a four-year term, prepare a partial amortization schedule showing details of the first two payments. Payments 34 and 35, and the last two payments (Do not round the intermediate calculations. Round your answers to two decimal places. Leave no cells blank - be certain to enter **0" wherever required.) Payment number 0 Interest portion Principal portion Payment Principal balance S6400.00 161.70 2 33 35 46 47 48
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