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Can someone solve with the amortization schedule and formulas please: Newfoundland Farms received $50,000 in vendor financing at 7.8% compounded annually for the purchase of
Can someone solve with the amortization schedule and formulas please: Newfoundland Farms received $50,000 in vendor financing at 7.8% compounded annually for the purchase of harvesting machinery. The financing requires equal annual payments for 7 years to repay the loan. Construct the amortization schedule for the debt. How much interest will be paid over the 7 year term
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