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On December 31,203, you take out a $200,000,5% loan. The loan is repayable in four equal annual payments of $56,402. The first payment is due

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On December 31,203, you take out a $200,000,5% loan. The loan is repayable in four equal annual payments of $56,402. The first payment is due on December 31,204. Required - a) Prepare an amortization schedule for this loan. b) How would the loan balance at December 31,205 be presented on the balance sheet

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