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9 Given the annual interest rate and a line of an amortization schedule for that loan, complete the next line of the schedule. Assume that
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Given the annual interest rate and a line of an amortization schedule for that loan, complete the next line of the schedule. Assume that payments are made monthly. Annual Interest Rate Payment 10.2% $360.90 Interest Paid $48.37 Paid on Principal $312.53 Balance $5,377.57 Fill out the amortization schedule below. Balance Annual Interest Payment Interest Rate Paid 10.2% $360.90 $48.37 $ $ (Round to the nearest cent as needed.) Paid on Principal $312.53 $ $5,377.57 Step by Step Solution
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