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Large semitrailer trucks cost $120,000 each. A trucking company buys such a truck and agrees to pay for it by a loan that will be
Large semitrailer trucks cost $120,000 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 9% compounded semiannually. Complete an amortization schedule for the first four payments of the loan. Fill out the amortization schedule below.
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