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You qualify for a $9,300 loan from the Sheridan Student Loans Program to help finance your education. Once you graduate, you start repaying this

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You qualify for a $9,300 loan from the Sheridan Student Loans Program to help finance your education. Once you graduate, you start repaying this note payable at an interest rate of 4.8%. The monthly cash payment is $97.73, principal and interest, for 120 payments (10 years). Prepare an instalment payment schedule for the first four payments. (Round answers to 2 decimal places, eg. 52.75) Monthly Interest Period Cash Payment Issue $ Date 1 2 3 4 Interest Expense Reduction of Principal $ Principal Balance ENG

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