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l 5.Greener Gardening Supplies has just negotiated a commercial loan for $300,000 at 7% interest with annual payments for three years. The loan will have
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5.Greener Gardening Supplies has just negotiated a commercial loan for $300,000 at 7% interest with annual payments for three years. The loan will have LEVEL PRINCIPAL PAYMENTS, Do an amortization schedule for this loan and answer the following questions: What is the amount of the annual principal payment What is the amount of the interest to be paid in year one? What will be the total payment in year two? What will the balance of the loan be at the end of year two? What is the total amount of interest to be paid over the life of the loan Step by Step Solution
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