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Question 1. Answer the following questions: a) Construct an amortization schedule to show the interest and principal components of the end-of-year payment for a 10%,

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Question 1. Answer the following questions: a) Construct an amortization schedule to show the interest and principal components of the end-of-year payment for a 10%, 5-year, 10,000 loan, given that the annual loan payment is 2,637.97. (10 marks, reserve two decimal places)

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