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A 30 year $100, 000 loan with i = 9% is to be paid off with yearly payments beginning one year after the loan is
A 30 year $100, 000 loan with i = 9% is to be paid off with yearly payments beginning one year after the loan is made. The first 20 payments are K and the last 10 payments are 4K. Find K. Also for the first four full years make an amortization table and explain why for each year principle repaid is negative.
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