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Set up an amortization schedule for a 20 -year, 400,000 loan payable in constant monthly payments at an annual rate of 6%. What is the

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Set up an amortization schedule for a 20 -year, 400,000 loan payable in constant monthly payments at an annual rate of 6%. What is the constant payment amount, P, and the amount of amortization payment in period 154,A154? a. P=2866;A154=1853 b. P=2866;A154=1525 c. P=2866;A154=1205 d. P=1666;A154=1205 e. P=1666;A154=1853

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