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What is the portion of payment in interest

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Prepare the first row of a loan amortization schedule based on the following information. The loan amount is $45,835 with an annual interest rate of 15.00%. the loan will be repaid over 17 years with monthly payments.

a. What is the loan payment?

b. What is the portion of this payment in interest?

c. What portion of this payment is principle?

d. What is the loan balance after the first monthly payment?

e. What is the most you would be willing to pay fir an investment that will pay you $632 in one year, $434 in two years, and $941 in three years, if your required rate of return for this type of investment is 21.00%

Reference no: EM132653040

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