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A) Rehan in order to build his lab, borrow $10,000 at 14 percent compound annual interest for four years. The loan is repayable in four
A) Rehan in order to build his lab, borrow $10,000 at 14 percent compound annual interest for four years. The loan is repayable in four equal annual installments payable at the end of each year. What is the annual payment that will completely amortize the loan over four years? Set up the entire amortization table for 4 years. [Show calculation of PMT, Interest, principal payment, ending balance (only for the 1st year)]
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