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20 Prepare an amortization schedule for a 3-year loan of $130,000. The interest rate is 9 percent per year, and the loan calls for
20 Prepare an amortization schedule for a 3-year loan of $130,000. The interest rate is 9 percent per year, and the loan calls for equal annual payments. What is the amount of interest paid in year 2? Year Beginning Balance. Total Annual Interest Paid Principal Paid Ending Payment Balance 1 004735 2 ? 3
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