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1. A loan for 7000 is repaid with ve end of year payments of 1000, 2000, 2000, 2000, 1000. The annual eective interest rate is

1. A loan for 7000 is repaid with ve end of year payments of 1000, 2000, 2000, 2000, 1000. The annual eective interest rate is i. Construct an amortization schedule for the loan.

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