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QUESTION 15 On October 30, Loren Madeoff bought a yacht for $60,000, paying $15,000 down and agreeing to pay the balance in 10 equal annual

QUESTION 15 On October 30, Loren Madeoff bought a yacht for $60,000, paying $15,000 down and agreeing to pay the balance in 10 equal annual installments that include both principal and 9.5 interest on the declining balance. What would be the annual payments? Create an amortization Schedule RESPONSE: You will need to upload the excel sheet showing the solution and amortization table

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