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Consider an equipment loan for $145,600 that is borrowed at 5.65% for 10 years, the annual payment is $19,782.37 per year. Using Excel, develop a
Consider an equipment loan for $145,600 that is borrowed at 5.65% for 10 years, the annual payment is $19,782.37 per year. Using Excel, develop a loan amortization that shows (1) total interest from all years and (2) a $0 loan balance in the final year 10.
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