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1. Woodgrain Industries took out an operating loan with RBC for $20.000 at a fixed interest rate of 8% on September 14. The operating loan

1. Woodgrain Industries took out an operating loan with RBC for $20.000 at a fixed interest rate of 8% on September 14. The operating loan requires a monthly fixed payment of 5800 on the 14 th of every month. Create the first three months of its repayment schedule

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