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A debt of $30000 with interest at j 1 j1 = 4.5% is to be amortized by payments of $7500 at the end of each
A debt of $30000 with interest at j1j1 = 4.5% is to be amortized by payments of $7500 at the end of each year for as long as needed. What are the first 3 lines of the amortization schedule?
Payment Number | Annual Payment | Interest Payment | Principal Payment | Outstanding Balance |
0 | --- | --- | --- | |
1 | ||||
2 |
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