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How do I make an amortization schedule for a $40,000 loan to be repaid in equal installments at the end of each of the next
How do I make an amortization schedule for a $40,000 loan to be repaid in equal installments at the end of each of the next three years. The interest rate is 10% compounded annually. And what percentage of the payment represents interest and what percentage represents principal for each of the three years? Round all answers to two decimal places.
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