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D. A K 235,000 loan, attracting an interest rate of 12% per annum paid on a semi-annual basis, with a maturity of 10 years was

D. A K 235,000 loan, attracting an interest rate of 12% per annum paid on a semi-annual basis, with a maturity of 10 years was issued. Prepare an amortization schedule for the first two (2) periods of instalments by first finding the EAR and applying this rate. (10 marks)

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