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Finance Course: XYZ Industries is negotiating for a $150,000, four years, 12 percent term loan. Determine the size of the yearly payments and the loan
Finance Course: XYZ Industries is negotiating for a $150,000, four years, 12 percent term loan. Determine the size of the yearly payments and the loan amortization schedule. (Loan amortization schedule is a table specifying for each year what is the annual payment, how much interest the firm pays, how much principal is repaid, and what is the remaining balance on the principal like the example we did in class.)
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