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Exercise Number 4. I will pay with Implicit Rate -6 Points Suppose the team from the previous exercise actually had a market value of $

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Exercise Number 4. I will pay with Implicit Rate -6 Points Suppose the team from the previous exercise actually had a market value of $ 40,000. they will pay $12,500 annually for four years. 1. What is the true interest rate on this note? 2. Use Excel to prepare the amortization table for the promissory note. 3. How much will the debt balance be after making the third annual payment

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