Name   Loan                Total Payment             APR(%)          Period Rate     Number of periods Total Interest

A-C     $10,000.00      $200.00                       8         

D-F      $15,000.00      $300.00                       8

G-L     $20,000.00      $350.00                       8

M-R     $25,000.00      $400.00                       8

S-Z      $30,000.00      $500.00                       8

Questions

Choose a loan amount according to your last (M-R)

Calculate the period of rate assuming monthly compounding

Do the amortization schedule

What is the life of your loan

What is the total interest payment over the life of the loan

Note: In answering the questions, just fill out the table above. Have the above table filled out.