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3) You just bought a house for $200,000. You have agreed to make 5 payments at the end of the year for 5 years with

3) You just bought a house for $200,000. You have agreed to make 5 payments at the end of the year for 5 years with an interest rate of 6%. What will the annual payment be? Create a loan amortization schedule.

beginning balance payment interest principal ending balance
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