To help with the startup costs of his new dental practice, Tony is taking out a $56,000 amortized loan for 10 years at 8.5% annual interest. His monthly payment for this loan is $694.32. Fill in all the blanks in the amortization schedule for the loan. Assume that each month is of a year. Round your answers to the nearest cent. 12 Payment number New loan balance Interest Principal payment payment 1 2 $55,402.59 60 $242.91 $451.41 $33,841.96 61

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