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An $90,000 loan is amortized by payments of $1850 at the end of every six months at a rate of 2% compounded monthly. Construct a

An $90,000 loan is amortized by payments of $1850 at the end of every six months at a rate of 2% compounded monthly.

  1. Construct a partial amortization schedule showing the last 2 payments.
  2. Determine the total amount paid to settle the loan.
  3. Determine the total principal repaid.
  4. Determine the total amount of interest paid.

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