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Consider a loan of $2,000 charging interest at j12=4.8% with monthly payments of $87.50.Calculate the missing amounts in the amortization table. # PMT Interest Principal

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Consider a loan of $2,000 charging interest at j12=4.8% with monthly payments of $87.50.Calculate the missing amounts in the amortization table. # PMT Interest Principal Balance 2,000.00 1 87.50 8.00 79.50 1,920.50 2 87.50 A B

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