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Loan amortixation and capital recovery Ian loaned his friend $ 4 5 , 0 0 0 to start a new business. He considers this loan

Loan amortixation and capital recovery
Ian loaned his friend $45,000 to start a new business. He considers this loan to be an investment, and therefore requires his friend to pay him an interest rate of 5% on the loan. He also expects his friend to pay back the loan over the next four years by making annual payments at the end of each year: lan texted and asked that you help him calculate the annual payments that he should expect to receive so that he can recover his initial investment and earn the agreed-upon 5% on his investment?
Calculate the annual payment and complete the following capital recovery schedule:
\table[[Year,Beginning Amount,Payment,Interest Paid,Principal Paid,Ending Balance],[1,$45,000.00,grad,grad,,],[2,E,,grad,,],[3,,,grad,,],[4,,,grad,,$0.01
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