what would have been the principle portion of the SECOND payment (instead of the first) ??

like how do I find principle outstanding, interest & principle portions for EACH/ ANY year

Question ID: 1376770 Nikki Ali and Donald Ankard borrowed $15,000 to finance their wedding and reception. The fully amortizing loan at 11% requires equal payments at the end of each of the next seven years. The principal portion of the first payment is closest to: A) $1,500. B) $1,530. C) $1,560. Explanation The interest portion of the first payment is simply principal interest rate - (15,000* 0.11)= 1,650. Using a financial calculator: PV = 15,000, FV-0, I/Y-11, N-7, CPT PMT= $3,183 Principal payment-interest - 3,183-1,650-1,533 (Study Session 1, Module 1.3. LOS 1.0 Related Material SchweserNotes-Book 1