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4. Establish loan amortization schedules for 3-year loan of $20,000 (initial loan) with equal payments at the end of each year. The interest rate is

4. Establish loan amortization schedules for 3-year loan of $20,000 (initial loan) with equal payments at the end of each year. The interest rate is 5 percent per year. (20p) NOTE: PLEASE SHOW HOW YOU COMPUTE EACH OF THE ITEMS

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