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Lucky Dragon Restaurant obtained a $9000 loan at 9% compounded annually to replace some kitchen equipment. Required: Complete the amortization schedule if payments of $1800
Lucky Dragon Restaurant obtained a $9000 loan at 9% compounded annually to replace some kitchen equipment.
Required:
- Complete the amortization schedule if payments of $1800 (except for a smaller final payment) are made semiannually.(8 marks)
Please show all work with formula's
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