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Assume you borrow 5,000 today at an annual interest rate of 7 %. You are to pay off the loan by making 3 equal annual

Assume you borrow 5,000 today at an annual interest rate of 7 %. You are to pay off the loan by making 3 equal annual payments at the end of each year. What is annual payment that will completely amortize the loan over 3 years? Prepare Amortization schedule?

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