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

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

Annual Interest Rate Payment Interest Paid Paid on Principal Balance

11.8% $304.45 $46.64 $257.81 $4,486.89

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