Exercise 2: Directions: Analyze the given amortization procedures in the table below then fill in cach blank using the guide questions below the table. Problem: A salary loan amounting to P15,000 is...

Extracted text: Exercise 2: Directions: Analyze the given amortization procedures in the table below then fill in cach blank using the guide questions below the table. Problem: A salary loan amounting to P15,000 is to be paid annually for 4 years with an interest rate of 6% compounded annually. The annual amortization is P P4,328.87. PRINCIPAL Outstanding Balance Period Regular Interest Payment (R) Component of Component of Раyment A. Раyment PI1,571.13 7,936.53 P3,428.87 C 3,852.68 4,083.84 P900 P694.27 P4,328.87 P4,328.87 P4,328.87 E 4. 245.031 Total G H. Guide Questions: D. For the third payment, how much goes to pay the interest? E. How much is the outstanding balance after the 3rd payment? F. How much should be the outstanding balance after the 4th or last payment? G. How much is the total amount of regular payment for 4 years? H. How much is the total interest paid for 4 years? I. How much is the total payment for the principal for 4 years? 1123-