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FIN220 Bank offers you a $33,265.00 10-year term loan at 7.45 percent annual interest. Complete the first year of the following loan amortization schedule. Year

FIN220 Bank offers you a $33,265.00 10-year term loan at 7.45 percent annual interest. Complete the first year of the following loan amortization schedule.

Year

Principal at Beginning of Year

 Annual Payment Interest Repayment of Principal Principal at End of Year
1 33,265.00

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