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2. Suppose a business takes out a $300,000, ten years loan at 8 percent. The business wants to make equal principal payments over the
2. Suppose a business takes out a $300,000, ten years loan at 8 percent. The business wants to make equal principal payments over the period. Prepare an amortization schedule for this loan.
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To prepare an amortization schedule for a loan we need to calculate the equal principal p...Get Instant Access to Expert-Tailored Solutions
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