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amortization with equal payments: you borrow a three-year loan of $6000. The interest rate is 10% per year and the loan cause for equal annual

amortization with equal payments: you borrow a three-year loan of $6000. The interest rate is 10% per year and the loan cause for equal annual payments.

a. how much is your annual payment for this amortized loan?

b. prepare an amortization schedule (or table) for the loan.

c. how much is paid towards principle? how much is paid to meet the instrest payment obligation?

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