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Large semitrailer trucks cost $105,000 each. A trucking company buys such a truck and agrees to pay for it by a loan that will
Large semitrailer trucks cost $105,000 each. A trucking company buys such a truck and agrees to pay for it by a loan that will be amortized with 10 semiannual payments at 11% compounded semiannually. Complete an amortization schedule for the first four payments of the loan. Fill out the amortization schedule below. (Round to the nearest cent as needed. Do not include the $ symbol in your answers.) Payment Amount of Number Payment Interest Payment Applied to Principal Balance $105,000 $ 1234 $ $ 4 $ $ $
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