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Construct an amortization schedule for a $10,000, 10% annual rate loan with 3 equal payments. What is the balance at the end of the 3
Construct an amortization schedule for a $10,000, 10% annual rate loan with 3 equal payments. What is the balance at the end of the 3rd year?
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$6,978.9
$3,655.6
$0
None of the above answers is correct.
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