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QUESTION 13 From: Principles of Finance with Excel 3rd ed, Benninga and Mofkadi, 2018, 2011, 2006 Your friend took out a $50,000 loan. The loan
QUESTION 13 From: Principles of Finance with Excel 3rd ed, Benninga and Mofkadi, 2018, 2011, 2006 Your friend took out a $50,000 loan. The loan is a 15-year, 5% "interest-only" loan (paying interest installment at the end). 2 parts to this question. Part A. Show the amortization table Loan Amount Annual Interest Rate, r Number of Payments Per Year: Loan Period in Years: Part B. What is the outstanding balance of the laon after 7 years? 50,000.00 5 00% #N/A 15
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