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Prepare an amortization schedule for a five-year loan of $63,000. The interest rate is 8 percent per year and the loan calls for equal annual
Prepare an amortization schedule for a five-year loan of $63,000. The interest rate is 8 percent per year and the loan calls for equal annual payments. (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g. 32.16) Beginning Balance Total Payment Interest Payment Principal Payment Ending Balance ear 2 How much interest is paid in the thrd year? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g. 32.16)) Interest paid
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