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Consider a $ 2 5 , 0 0 0 loan to be repaid in equal installments at the end of each of the next 5
Consider a $ loan to be repaid in equal installments at the end of each of the next years. The interest rate is Set up an amortization schedule for the loan.
a What is the annual payment?
b What is the year principal amount?
c What is the year interest amount?
d What is the year end balance?
e What is the year interest amount? please do in excel
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