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please solve 3. Bill wants to borrow $750,000 for his dream house. He wants to pay in a period of 4 years. The lender offers

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3. Bill wants to borrow $750,000 for his dream house. He wants to pay in a period of 4 years. The lender offers a 2.5% interest rate. Estimate the yearly payment and prepare a loan amortization Schedule for the amortized loan. Use calculator, formula and Excel Year Beg. Bal. Payment Interest Prin. Red. End Bal. 1 2 3 4

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