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1 . Suppose a business takes out a $ 1 0 . 0 0 0 , three - year loan at 1 0 percent. The

1. Suppose a business takes out a $10.000, three-year loan at 10 percent. The loan agreement calls the borrower to pay in equal installments every six months. Please compute the following: (LOS)Prepare the complete amortization table.
b. What is the total amount of interest paid for the loan?
C.How much interest does the business pay in the second year?
DHow much was the principal paid in the 3rd semi annual period?

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