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Calculate the following information for a $50,000 loan with four (4) equal annual payments with an interest rate of 6.00% In order for your answers
Calculate the following information for a $50,000 loan with four (4) equal annual payments with an interest rate of 6.00%
In order for your answers to be marked correct by Canvas, remember to include dollar signs ($), commas for each thousand (000) dollars, and to the nearest whole cent.
Year | Total Payment | Interest | Principal | Loan Balance |
0 | ||||
1 | ||||
2 | ||||
3 | ||||
4 | $0 |
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