Following the calculation for years 1 and 2, what would be the payment adjustments and loan balances for years 3 to 5? Replicate the numbers in the table.

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Q: what would be the payment adjustments and loan balances for years 3 to 5

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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.