QUESTION 3 20 points You receive a $15,000 4-year constant payment loan (CPL). The loan's...
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QUESTION 3 20 points You receive a $15,000 4-year constant payment loan (CPL). The loan's annual interest rate is 8%. What is the principal portion of the total payment in year 4, rounded to the nearest dollar? QUESTION 4 20 points You receive a $11,000 5-year constant amortization loan (CAL). The loan's annual interest rate is 13%. What is the total payment in year 4, rounded to the nearest dollar
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