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please show calculations and create a PV/FV chart and amortization schedule On July 1, 2020 Arcade Company borrowed $220,000 in order to buy the arcade

image text in transcribedplease show calculations and create a PV/FV chart and amortization schedule

On July 1, 2020 Arcade Company borrowed $220,000 in order to buy the arcade game Zip Flyer. The loan had an annual rate of 6% and a 10 year maturity date. Determine the blended annual payments by creating a PV/FV chart Prepare the loan amortization schedule. Period Annual Payment Interest Expense Principal Payment Principal Balance if the loan was paid off at the end of year 6 how much would Arcade Company save in interest? Use a formula to calculate your solution. Answer: Explain why the interest on the loan decreases each year

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