Calculator amortization function-interest amount paid

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Reference no: EM132053619

John receives a 10,000 loan, with an interest rate of 6 %, for 6 years.

Using the Calculator's amortization function, what is the interest amount paid on the 5th payment?

Using the Calculator's amortization function, what is the principal amount paid on the 1st payment?

Using the Calculator's amortization function, what is the Remaining Principal Balance after the 9th payment?

Using the Calculator's amortization function, what is the principal amount paid on the 6th thru 9th payments?

Using the Calculator's amortization function, what is the total amount of interest paid to the bank?

Using the Calculator's amortization function, what is the loan's monthly payment amount?

Reference no: EM132053619

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