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Prepare an amortization schedule for a five-year loan of S56.000 Assume the loan agreement cah principal reduction of $11,200 every year The interest rate is
Prepare an amortization schedule for a five-year loan of S56.000 Assume the loan agreement cah principal reduction of $11,200 every year The interest rate is 7 percent per yea Total Payment Interest Payment Principal Payment Ending Year Balance How much total interest is paid over the lfe of the loan? Total interest paid Reterences eBook & Resources pinculty inermediate
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