(Solved): Loan Amortization A. Calculate the monthly payments of a loan with a principal balance of $150,000, ...

Loan Amortization A. Calculate the monthly payments of a loan with a principal balance of $\$150,000$, and interest rate of 6 percent, and a fully amortized payment period of three years or thirty-six months. Then provide the payment details of each of the first 6 payments including the principal and interest of each payment. The first payment details have been calculated for you. Loan Amortization Schedule Principal borrowed: 150,000 Total payments: 36 Annual interest rate $600\%$ fmonthlv rate $=n?\%$ Compute the annual mortgage payments of an office building with purchase price of $\$400,000$, down payment and closing costs of $4\%$ of purchase price. Assume the loan is fully amortized over 6 years. Provide the details of a loan amortization schedule with an interest rate of 4 percent. Loan Amortization Schedule Principal borrowed: $\$400,000$ Total payments: 6 Annual interest rate $4\%$