You took a 5 year, $100,000 loan. The loan has equal principal payments. The loan carries…

You took a 5 year, $100,000 loan. The loan has equal principal
payments. The loan carries a 6% annual interest rate and is paid
back in annual payments.
1. What is the outstanding balance of the loan after 3
years?
2. Compute an amortization table for the loan.
3. What is the interest payment on the fourth installment?