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.

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, e.g. 52.75.) Monthly Interest Period Issue Date Cash Payment Interest Expense Reduction of Principal Principal Balance $ $ $ $ $ $ $ 1 2 3 4