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2. (30 min) Loan Amortization. Construct a constant loan repayment schedule (=loan amortization schedule) if you borrow $1,000 for four years at the annual interest

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2. (30 min) Loan Amortization. Construct a constant loan repayment schedule (=loan amortization schedule) if you borrow $1,000 for four years at the annual interest rate 10% for a period of four years. I.e., the loan is fully repaid, including interest, by making four end-of-year equal payments. (Round the numbers to the nearest dollar.)

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