You have borrowed $30,000 to buy a new home. You plan to make annual payments over a 5-year period. The bank has offered you a 9% interest rate, compounded annually

Use the loan amortization table given below and complete all columns up to 2 decimal places. Show calculation of annuity payment as well.

NOTE: Copy the loan amortization table in the answer box and then fill all columns.

5 points You have borrowed $30,000 to buy a new home. You plan to make annual payments over a 5-year period. The bank has offered you aos interest rate compounded Use the loan amortization table given below and complete all columns up to 2 decimal places Show enjeutation of annuity payment as well NOTE: Copy the loan amortization table in the answer box and then fill all columns Year Amount Owed on Annuity Payment Interest Portion Repayment of the Outstanding Loan Balance Principal at the of the Annuity Principal Portion of the at Year end. After the Beginning of the Year Annuity Annuity Payment 1 2 3 4 5