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Find the amortization table for a $13,000 loan amortized in five annual payments if the interest rate is 7.7% per year compounded annually. (Round your
Find the amortization table for a $13,000 loan amortized in five annual payments if the interest rate is 7.7% per year compounded annually. (Round your answers to the nearest cent.)
| End of Period | Payment | Payment Toward Interest | Payment Toward Principal | Outstanding Principal |
| 0 | 13000 | |||
| 1 | ||||
| 2 | ||||
| 3 | ||||
| 4 | ||||
| 5 |
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
7th Edition
1259919714, 978-1259919718
