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Question 13 15 pts You borrow $1.000, and the loan is to be repaid in three equal payments at the end of each of the

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Question 13 15 pts You borrow $1.000, and the loan is to be repaid in three equal payments at the end of each of the next three years. The lender charges a 6 percent interest rate on the loan balance that is outstanding at the beginning of each year. 1) Calculate the payment the form must repay each year. 2) Prepare the loan amortization schedule (fill all the numbers in each cell). You need to recreate the table in your answer. YEAR Beginning Amount Repayment of Payment Interest Paid Remaining Balance Principal 1 2 3 BIVA-A: IE * * * - V GT 1: 12pt Paragraph

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