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10. Chuck's Publishing, Inc. borrows $20,000 from Citicorp to finance the purchase of a new office cooling system. The loan has an interest rate of

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10. Chuck's Publishing, Inc. borrows $20,000 from Citicorp to finance the purchase of a new office cooling system. The loan has an interest rate of 10% and Chuck's will be required to make annual payments for the next 3 years. Fill in the following loan amortization schedule for this transaction. Payment Interest Paid Principle paid Balance $20,000 Year 0 1 2 3

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