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Assume that the borrower acquired a 10year, $180,000 loan from a bank. He will repay the loan with 10 equal payments of $26,825`31 at the
Assume that the borrower acquired a 10year, $180,000 loan from a bank. He will repay the loan with 10 equal payments of $26,825`31 at the end of each year. The bank`s required interest rate is an annual rate of 8%. Prepare the amortization table.
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