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may i have help with number 4? d Financing Costs schedule. What are the total loan payments and total interest expense? 4. The office manager

may i have help with number 4?
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d Financing Costs schedule. What are the total loan payments and total interest expense? 4. The office manager for Salk Family Practice wants to explore a longer-term loan to upgrade its appointment, medical record, and billing system. The local bank will provide a five-year, \$100,000 loan for 3.5%. Calculate the monthly debt payment and create a 60-month amortization schedule. What are the total loan payments and total interest expense? How much more will the practice pay in interest expenses compared to the threethe practice owner consider the longer loan given the higher interest expense

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