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(1 point) A loan of L is being amortized with payments at the end of each year for 16 years. 83/4, find the following: a)

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(1 point) A loan of L is being amortized with payments at the end of each year for 16 years. 83/4, find the following: a) The amount of principal repaid in the first 8 payments. ANSWER- b) The amount due at the end of 16 years. if the final 8 payments are not made as scheduled. ANSWER L. L

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