You plan ta borrow $52,000 at a 6.9% annual interest rate compounded annually. The terms require you to amortize the loan with 7 equal payments each made at the end of each year. You would like to construct an amortization schedule showing details of the payments. Answer the following questions and choose the closest answer from the possible choices following each question: Choose This question is an example of Which TVM variable does $52,000 represent? Before an amortization schedule is constructed, which TVM variable should be solved first? For the second year, how much payment amount do you need to make? Choose Choose Choose For the first payment, how much of it is interest? Choose How much total interest is repaid in periods 1 to 2? To find the interest repaid in period 2 only in the financial calculator amortization worksheet you enter P1 Choose Choose To find the intertest repaid in period 2 only in the financial calculator amortization worksheet, you enter P2 Choose