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7iii. Compute an amortization schedule for a $25000, 10-year annual amortization loan, paying 7.4%. Payments are to be made at the beginning of the year.
7iii. Compute an amortization schedule for a $25000, 10-year annual amortization loan, paying 7.4%. Payments are to be made at the beginning of the year. Suppose that you are only able to pay $2900 in the 7th year, how much principal will remain after that payment?
7i.Compute an amortization schedule for a $19600, 10-year annual amortization loan, paying 9.8%. Payments are to be made at the beginning of the year. Suppose that you are only able to pay $2600 in the 9th year, how much principal will remain after that payment?
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