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A loan of $ 1 0 0 0 is being rapaid with 4 nominally equal payments at the end of each year. The effective annual

A loan of $1000 is being rapaid with 4 nominally equal payments at the end of each year. The effective annual interest rate is 8%.1) Find the amount of the annual payment. 2) Construct the amortization schedule for this loan. 2.(SK, example 5.1, page 155) A loan is being rep

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