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Question 7 1 pts Susana takes out a $1.000 loan. The loan carries a 10% annual interest rate and it will be amortized with fixed

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Question 7 1 pts Susana takes out a $1.000 loan. The loan carries a 10% annual interest rate and it will be amortized with fixed annual payments over a five-year period. Construct the amortization schedule for this loan? What is the fraction of the fixed payment represent the repayment of principal in year 2? Assume Annual Compounding 1 Show Formula (0.2 point) 2. Find Annual Payment (0.1 point) 3. Create Amortization Table (0.5 point) 4. Show fraction of the fixed payment represents the repayment of principal in year 2 (0.2 point)

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