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access an online loan calculator with annual payments, such as the one at mycakculalors com to produce an amortization schedule for Velton Corporation's installment note

access an online loan calculator with annual payments, such as the one at mycakculalors com to produce an amortization schedule for Velton Corporation's installment note that has original principal of \(\$ 14,000\), interest of 6 percent compounded annually, and a term of years. (Do not round intermediate calculations. Round your onswers to the neorest whole dollor amount.) Required: a) What is the annual payment? (b) Of this amount, how much represents interest in year 1?(c) How much princlpal is included in the year 1 payment? (c) How much interest is incuded in the year 2 payment? (e) Over time, has the interest become a smaller or larger compohent of the annual payment? Complete this question by entering your answers in the tabs below. (o) What is the annual piyment? (b) of this ambeent, how much represents intereet in year 1?(c) How much prindpat is induded in the yoar 1 payment? (d) How much interest io included in the year 2 payment?

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