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Prepare the first row of a loan amortization schedule based on the following information. The loan amount is for $ 4 8 , 7 1
Prepare the first row of a loan amortization schedule based on the following information. The loan amount is for $ with an annual interest rate of The loan will be repaid over years with monthly payments.
A Loan payment:
B Interest portion:
C Principle portion:
D Loan balance after first monthly payment:
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