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Prepare an amortization schedule for a three-year loan of $90,000. The interest rate is 11 percent per year, and the loan calls for equal annual

Prepare an amortization schedule for a three-year loan of $90,000. The interest rate is 11 percent per year, and the loan calls for equal annual payments. How much total interest is paid over the life of the loan?

Beginning balance, total payment, interest payment, principal payment, and ending balance for year 1 2 and 3

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