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Construct an amortization schedule for a $5,000 car loan at 9% to be repaid in 5years. Assume annual payments. Note: Ensure to list all headings.
Construct an amortization schedule for a $5,000 car loan at 9% to be repaid in 5years. Assume annual payments. Note: Ensure to list all headings. No points will be awarded for merely listing answers. No exceptions. You are required to show all work. What is the importance of understanding a loan amortization? How can that help you in your personal life?
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