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Matt borrowed $20,000 at an 18% annual rate of interest. The loan is to be repaid over 3 years. The loan.is amortized into three annually

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Matt borrowed $20,000 at an 18% annual rate of interest. The loan is to be repaid over 3 years. The loan.is amortized into three annually equal end-of-the-year payments. 1. Calculate Matt's annual end-of-year loan payments. 2. Prepare a loan amortization schedule showing the interest and principal breakdown of each of the three loan payments

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