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rate is 8% Calcuiste the annual, end-of-year loan payment Prepare a loan amotization schedule showing the interest and principal beakitown of each of the three

rate is 8%
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Calcuiste the annual, end-of-year loan payment Prepare a loan amotization schedule showing the interest and principal beakitown of each of the three inan payments Explain why the interest portion of each payment declines with the passage of time. ITo arnount of the equal, annual, end of year ban poyment is: (Round to the noarest cant.)

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