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-15 You are logged in as Eddy El Hamouche You want to borrow $6,000 and repay it in semiannual equal installments over 5 years. APR
-15 You are logged in as Eddy El Hamouche You want to borrow $6,000 and repay it in semiannual equal installments over 5 years. APR = 12% a) How much is each installment? (5 Points) b) Prepare the loan amortization table for the first year (or the first 2 payments) only. (8 Points) c) If the loan repayment is based on equal principals and all other variables ( number of installments, APR, loan amount & duration) remain the same How much is the total first payment interest + principaty? (5 Points) Will the second total payment be greater or lower than the first? Why? (2 Points) 9 1 SS do
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