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Amortized loan: The next three questions will be based on the following information. Prepare an amortization schedule for a three-year loan of $100,000. The interest
Amortized loan: The next three questions will be based on the following information. Prepare an amortization schedule for a three-year loan of $100,000. The interest rate is 8% per year, and the loan calls for equal annual payment. For the above loan, how much is the total interest paid over three years?
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