could i get the second portion please i have the top.. lete an amortization sche

Question

could i get the second portion please i have the top..

lete an amortization schedule for a $47,000 loan to be repaid in equal installmer ext three years. The interest rate is 6% compounded annually. Round all answer Beginning Repayment Balance Payment Interest of Principal 47000 175832820 14763 32237175831934 15649 17583995165 16588 t percentage of the payment represents interest and what percentage represents e years? Round all answers to two decimal places. % interest % Principal 6.23 Soo 1.19 . 00 9.09 1.12 % 17.67 % do these percentages change over time?

Explanation / Answer

Calculation of percentage of interest payment and principal repayment for 3 years Year Payment per year Towards Interest Towards Principal % of Interest Payment % of principal payment 1 $17,583.00 $2,820.00 $14,763.00 16.04% 83.96% 2 $17,583.00 $1,934.00 $15,649.00 11.00% 89.00% 3 $17,583.00 $995.00 $16,588.00 5.66% 94.34% Yes, these percentages change over time.

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