To help purchase her new truck, Tammy is taking out
a $26,000 amortized loan for 6 years at
5.2% annual interest. Her monthly payment for this loan
is $421.14
Fill in all the blanks in the amortization schedule for the
loan. Assume that each month is 1/12 of a year.
Round your answers to the nearest cent.
Payment number
Interest payment
Principal payment
New loan balance
1
$
$
$
2
$
$
$25,381.72
â‹®
â‹®
â‹®
â‹®
25
$78.93
$342.21
$17,873.52
26
$
$
$