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Prepare an amortization schedule for a three-year loan of $60,000. The interest rate is 6 percent per year, and the loan calls for equal annual

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Prepare an amortization schedule for a three-year loan of $60,000. The interest rate is 6 percent per year, and the loan calls for equal annual payments. How much total interest is paid over the life of the loan? Select one: a.S 1,270.57 b.$ 3,460.23 C.$ 7,339.77 d.$ 3,600

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