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1. Prepare the row of a loan amortization schedule based on the following information. The loan amount is for $30,460 with an annual interest rate

1. Prepare the row of a loan amortization schedule based on the following information. The loan amount is for $30,460 with an annual interest rate of 03.00%. The loan will be paid over 12 years with monthly payments. What is the loan payment? What portion of this payment is interest? What portion is principal? What is the loan balance after the first monthly payment?

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