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Loan Amortization GIVEN: A $12,000 4-year loan at 5%. FIND for each year: a. Annual loan payment b. Beginning-of-year balance .c. Annual interest d. Annual

Loan Amortization

GIVEN: A $12,000 4-year loan at 5%.

FIND for each year:

a. Annual loan payment

b. Beginning-of-year balance

.c. Annual interest

d. Annual principal

e. End-of-year balance

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