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A $68,000 loan is amortized by payments of $1,970 at the end of every quarter at a rate of 7% compounded monthly.1. Construct the amortization

A $68,000 loan is amortized by payments of $1,970 at the end of every quarter at a rate of 7% compounded monthly.1. Construct the amortization schedule showing the last 2 payments of the loan and the totals 2. How much interest was paid in the third year?Please use the attached tables to fill out the questio

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uct the amortization t 2 payments of the loan and the totals PMT Setting Z PV FV PMT 1/Y P/Y C/Y Payment Payment Interest Paid Principal Paid Balance Number 2. How much interest was paid in the third year? PMT Setting Z PMT P/Y C/

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