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Givens, Hong and Partners obtained a $7000 term loan at 8.5% compounded annually for new boardroom furniture. Prepare a complete amortization schedule in which the

Givens, Hong and Partners obtained a $7000 term loan at 8.5% compounded annually for new boardroom furniture. Prepare a complete amortization schedule in which the loan is repaid by equal semiannual payments over three years.

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