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Prepare an amortization schedule for a five-year loan of $54,000. Assume the loan agreement calls for a principal reduction of $10,800 every year. The interest

Prepare an amortization schedule for a five-year loan of $54,000. Assume the loan agreement calls for a principal reduction of $10,800 every year. The interest rate is 9 percent per year. How much total interest is paid over the life of the loan?

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