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Company ABC borrows $350,000 under the following terms: 5 Years in length Semi-annual payments 8% APR a. Calculate the loan payment b. Fill in the

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Company ABC borrows $350,000 under the following terms: 5 Years in length Semi-annual payments 8% APR a. Calculate the loan payment b. Fill in the amortization table c. Calculate the amount of interest you pay in the first two years. Enter this in cell J17 d. What is the percentage change in the ending loan balance between year 2 and year 4? Enter the calculation in Cell 120

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