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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
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 Annual Interest Paid on Interest Rate Payment Paid Principal Balance 11.6% $425.57 $64.23 $361.34 $6,280.78 Fill out the amortization schedule below. Balance Annual Interest Interest Rate Payment Paid 11.6% $425.57 $64.23 $ $ (Round to the nearest cent as needed.) Paid on Principal $361.34 $ $6,280.78 $
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