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8. A student makes loan of $135,581 and agrees to pay back within 20 years with 2.5% interest. Fill the amortization table below. Note that

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8. A student makes loan of $135,581 and agrees to pay back within 20 years with 2.5% interest. Fill the amortization table below. Note that it should be zero balance at the end of year 20.1 recommend you to use Excel since the calculator will take you forever to complete the table. Interest Payment Principal Ending Balance Beginning Period Balance 1 $ 135,581.00 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

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