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Colton started a business and needs a loan. He is borrowing $32,000 at a rate of 10% interest. He will make annual payments of $8,441.52

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Colton started a business and needs a loan. He is borrowing $32,000 at a rate of 10% interest. He will make annual payments of $8,441.52 for five years. Build an amortization schedule and do the iournal entries for the issuance of the loan and the first two interest vavments

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