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Answer in excel Suppose you take out a $225,000.00 loan to purchase a tractor. It is a 5 year fixed rate level annual payment loan
Answer in excel
Suppose you take out a $225,000.00 loan to purchase a tractor. It is a 5 year fixed rate level annual payment loan with an annual interest rate of 6.0% a. (5) Develop a complete amortization table for this loan showing the total payment each year, and then broken down into Principle and Interest for each year, and the remaining balance after cach payment is made .Step by Step Solution
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
4th Edition
0077262379, 978-0077262372
