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Prepare an amortization schedule for a three-year loan of $117,000. The interest rate is 8 percent per year, and the loan agreement calls for a
Prepare an amortization schedule for a three-year loan of $117,000. The interest rate is 8 percent per year, and the loan agreement calls for a principal reduction of $39,000 every year. How much total interest is paid over the life of the loan
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