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Prepare an amortization schedule for a five-year loan of $50,000. The interest rate is 6% per year, and the loan agreement calls for equal annual

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Prepare an amortization schedule for a five-year loan of $50,000. The interest rate is 6% per year, and the loan agreement calls for equal annual cash payments of $11,869.82. Please make sure your final answer(s) are accurate to 2 decimal places. a) Complete the following table. b) How much total interest is paid over the life of the loan

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