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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 $ 3,600 b$1,270,57 C$ 3,460.23 d:S 7,339.77

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