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On January 1 , 2 0 2 4 the Victoria Mireles Company borrows $ 2 6 0 , 0 0 0 cash by signing a

On January 1,2024 the Victoria Mireles Company borrows $260,000 cash by signing a 5-year, 9%, installment note, with semiannual interest payments. 1) Calculate the amount of each payment using the PMT function. 2) Prepare the amortization schedule for the loan. Enter a valid Excel formula or function in each of the yellow cells below. Formulas must refer to cell address(es). Entering a value will be marked as incorrect.
Loan amount
Term (years)
Annual interest %
Payments per year
\table[[$260,000
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