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Overview: Suppose you bought a house and took out a mortgage for $50,000. The interest rate is 8%, and you must amortize the loan over

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Overview: Suppose you bought a house and took out a mortgage for $50,000. The interest rate is 8%, and you must amortize the loan over 10 years with equal end-of-year payments. For tax purposes, you must predict the yearly interest expense. Instructions: - Create an amortization schedule in a table in Microsoft Excel. - Each row and column should be clearly labeled. Columns should include at a minimum: - Beginning Amount, - Payment Amount, - and Interest for each year. - Create a graph that shows how the payments are divided between interest and principal repayment over time

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