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1. Do this question in a separate worksheet in your file. 2. Name the worksheet Bobsled. 3. You borrow $85,000 to buy a bobsled. You
1. Do this question in a separate worksheet in your file. 2. Name the worksheet Bobsled. 3. You borrow $85,000 to buy a bobsled. You plan to pay off the loan in ten years. The loan charges interest using an annual rate of 8 percent. Assuming end-of-year payments, determine the annual payment, interest payment each year, and amount paid toward the principal each year. Use the appropriate financial functions to solve this
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