Your company took out an amortizing loan with the following terms:

	A	B
1	Amount	7,000
2	Term (years)	30
3	Interest rate	7%

FIND THE FOLLOWING:

Intro Your company took out an amortizing loan with the following terms: B 1 Amount 7,000 2 Term (years) 30 3 Interest rate 7% Part 1 18 - Attempt 1/6 for 10 pts. What is the annual payment (as a positive number)? Use Excel's PMT() function. 0+ decimals Submit Part 2 Attempt 1/6 for 10 pts. Create an amortization table in Excel. What is the outstanding balance at the end of the first year? 0+ decimals Submit Attempt 1/6 for 10 pts. Part 3 What is the outstanding balance at the end of year 20? 0+ decimals Submit Attempt 1/6 for 10 pts. Part 4 What is the outstanding balance at the end of year 30? 0+ decimals Submit