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Given the annual interest rate and a line of an amortization schedule for that loan, complete the next line of the schedule. Assume that payments

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Given the annual interest rate and a line of an amortization schedule for that loan, complete the next line of the schedule. Assume that payments are made monthly Paid on Principal Interest Annual Interest Rate Payment Paid Balance $412.07$40.91 $371.16 $6,259.96 Fill out the amortization schedule below Interest Rate PaymentInterestPaid on Principal Annual Balance Paid 7.4% $412.07$40.91 $371.16 $6,259.96 (Round to the nearest cent as needed.)

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