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3) A 20 year /$15,000 loan with interest i=7% is to repaid with 12 payments of X at the end of each year, followed by

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3) A 20 year /$15,000 loan with interest i=7% is to repaid with 12 payments of X at the end of each year, followed by 8 payments of 6X at the end of each year. Find X and fill out the following amortization table for 3 years. Explain in words why PR1,PR2, and PR3 are all negative

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