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Q11) Prepare the first row of a loan amortization schedule based on the following information. The loan amount is for $29,324.00 with an annual interest

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Q11) Prepare the first row of a loan amortization schedule based on the following information. The loan amount is for $29,324.00 with an annual interest rate of 5.51% . The loan will be repaid over 7.0 years with monthly payments. a) Loan payment (1 point) b) Interest portion (1 point) c) Principle portion (1 point) d) Loan balance after first monthly payment (1 point)

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