You just got a loan of $20,000 and will repay the loan over 5 years at 6.5% interest. Based on the amortization schedule what will your interest and principal payments respectively be in year 3? A. $1,071.67; $3,741.02 B. $828.51; $3,984.18 C. $569.54; $4,243.15 D. $1,300; $3,512.69

1. You just got a loan of $20,000 and will repay the loan over 5 years at 6.5% interest. Based on the amortization schedule what will your interest and principal payments respectively be in year 3? A. $1,071,67:$3,741,02 B. $828.51;$3,984.18 C. $569.54;$4,243.15 D. $1,300;$3,512.69