A loan with principal balance of $12,550 and 4.25% fixed interest is considered. The analyst must consider

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A loan with principal balance of $12,550 and 4.25% fixed interest is considered. The analyst must consider each of the three basic loan structures, i.e. CPM, IO, and Custom Amortization. What is the total interest paid with each structure? What are the total payments? What is the payment in the first period for each? The Amortization Structure for the 12 periods is 5.00%, 5.00%, 5.00%, 5.00%, 5.00%, 5.00%, 10.00%, 10.00%, 10.00%, 10.00%, 10.00%, 20.00%.

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