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(a) Charles Barkley negotiated a three year loan from his bank in the amount of 10,000. Charles will make semi-annual payments on the loan each

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(a) Charles Barkley negotiated a three year loan from his bank in the amount of 10,000. Charles will make semi-annual payments on the loan each year and the quoted interest rate is 8.0%, compounded semi-annually. Based on the information provided, recreate and present the following amortisation schedule in your answer book and fill in values in the shaded cells: Payment Interest Period 0 Principal Balance 10,000 1 2 3 4 5 6 0 (15 marks)

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