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Q4. 15 pts total You want to purchase a new combine worth $345,000. You have enough to make a 20% down payment, but plan to

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Q4. 15 pts total You want to purchase a new combine worth $345,000. You have enough to make a 20% down payment, but plan to finance the rest over a 7 year loan period. Assume your loan has a 4.5% interest rate. Investment Cost: Down Payment: Loan Amount: (Hint: You calculate the Loan Amount by: Investment Cost - Down Payment) a. Create a loan repayment schedule assuming equal principal payments. 5 pts Remaining Principal Year Principal Interest Total Payment Total Paid b. Create a loan repayment schedule assuming equal total payments. 5 pts Remaining Principal Year Total Payment Interest Principal Total Paid c. _Create a loan repayment schedule assuming with a 35% balloon payment and equal total payments. 5 pts Balloon Payment: Equal Total Payment: Remaining Principal Year Total Payment Interest Principal Balloon Payment Total Paid

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