8. Establish a loan amortization schedule for the following loan to the nearest cent. (See Table 2-3
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8. Establish a loan amortization schedule for the following loan to the nearest cent. (See Table 2-3 for an example.) This problem should be done only with a
< , -, spreadsheet program. Situation: A 36-month loan of $8,000 with equal installment payments at the end of each month. The interest rate is 1 percent per month.
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