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5. Complete the amortization table for the following scenario. A loan of $20,000 has been agreed to be paid off over the course of 3

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5. Complete the amortization table for the following scenario. A loan of $20,000 has been agreed to be paid off over the course of 3 years. Interest will be charged at k% compounded semi-annually and the payments will need to be calculated. Remember, the last payment is calculated differently. [ Payment Opening Payment Amount Interest Amount Principal Amount Closing Balance Number Balance 0 $20,000 $20,000 1 5. Complete the amortization table for the following scenario. A loan of $20,000 has been agreed to be paid off over the course of 3 years. Interest will be charged at k% compounded semi-annually and the payments will need to be calculated. Remember, the last payment is calculated differently. [ Payment Opening Payment Amount Interest Amount Principal Amount Closing Balance Number Balance 0 $20,000 $20,000 1

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