Find the amortization table for a $8,000 loan amortized in five annual payments if the interest rate is 4.3% per year compounded annually. (Round your answers to the nearest cent.) End of Period Repayment Made Interest Charged Payment Toward Principal Outstanding principle 0       8,000 1         2         3         4         5

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A: Loan Amortized Schedule is as follows-

Amortized Loans

The term "amortization" refers to spreading the value of a loan or a debt over a series of regular payments or installments comprising of both the principal and interest amount. It generally involves the process where in the value of a loan or an intangible asset is written down over its maturity period.