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A 10 year loan of 50,000 is repaid by the amortization method with equal install- ments. Interest rate is 10% convertible quarterly. Construct am amortization

A 10 year loan of 50,000 is repaid by the amortization method with equal install- ments. Interest rate is 10% convertible quarterly. Construct am amortization sched- ule in table format. The table should contain following columns: Year, Payment amount, Interest paid, Principal repaid and Outstanding loan balance. 2

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