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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. If instead the loan was originally structured with a $10000 balloon payment at the end of the tenth year, what would be each of the 10 annual payment?

a. $2700-$3000

b. > $3300

c. 2400-$2700

d. $2400

$3000-$3300

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