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Compute an amortization schedule for a $25000, 10 year annual amortization loan, paying 7.4%. Payments are to be made at the beginning of the year.

Compute an amortization schedule for a $25000, 10 year annual amortization loan, paying 7.4%. Payments are to be made at the beginning of the year. Suppose that you are only able to pay $2900 in the seventh year, how much principal will remain after that payment?

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