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Question 1: Prepare the amortization schedule for a fifteen-year loan of $100,000. The APR is 3% and the loan calls for equal monthly payments. The
Question 1: Prepare the amortization schedule for a fifteen-year loan of $100,000. The APR is 3% and the loan calls for equal monthly payments. The following table shows how you should prepare the amortization schedule for the loan. Beginning Balance $100,000.00 Total Payment Interest Payment Principal Payment Ending Balance Month 1
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