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Question 28 5 pts Spectacular Jewelry, Inc. is talking with its bank about a $660,000 loan. The loan would be for three years at 6%

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Question 28 5 pts Spectacular Jewelry, Inc. is talking with its bank about a $660,000 loan. The loan would be for three years at 6% interest and Spectacular would make three LEVEL PRINCIPAL PAYMENTS at the end of each of the next three years. Write an amortization schedule to answer questions the following questions. What is the amount of the annual principal payment? What is the amount of interest in year one? What is the balance of the loan after year two? What is the amount of the total payment in year three? What is the total amount of interest that will be paid over the life of the loan? 12pt Paragraph BI V Ave Tv

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