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2. Loan Amortization Schedule (P/Y=C/Y) Details: Kirkland Corporation obtained a $30,000 loan for new equipment at an interest rate of 8% compounded monthly. The loan

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2. Loan Amortization Schedule (P/Y=C/Y) Details: Kirkland Corporation obtained a $30,000 loan for new equipment at an interest rate of 8% compounded monthly. The loan contract requires equal payments at the end of each quarter over a two-year term. Total Interest paid on loan

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