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Question 2 Suppose you have borrowed a loan of $ 100,000 for five years. The loan will be repaid in an equal installment at an

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Question 2 Suppose you have borrowed a loan of $ 100,000 for five years. The loan will be repaid in an equal installment at an annual interest rate of 6%. Calculate the payment and establish the amortization schedule. (Marks 10)

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