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When Sumeet graduates, she owes $15,733 in student loans. Now that she has graduated, she makes an agreement with the bank to pay back the

When Sumeet graduates, she owes $15,733 in student loans. Now that she has graduated, she makes an agreement with the bank to pay back the loan making monthly payments of $200 at an interest rate of 3.4% compounded annually.

Show the values for the 1st row of the amortization schedule by showing the values for a-e and the last row of the amortization schedule by showing the values for f-j.

Payment Number

Amount Paid

Interest Paid

Principal Repaid

Outstanding Principal Balance

$15,733

( a )

( b )

( c )

( d )

( e )

( f )

( g )

( h )

( i )

( j )

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