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solve please! Consider a 4-year amortizing loan. You borrow $238,000 initially, and repay it in four equal annual year-end payments. a. If the interest rate

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Consider a 4-year amortizing loan. You borrow $238,000 initially, and repay it in four equal annual year-end payments. a. If the interest rate is 7.20%, calculate the annual payment. (Do not round intermediate calculations. Round your answer to 2 decimal places.) b. Prepare an amortization schedule. (Leave no cells blank - be certain to enter "O" wherever required. Do not round intermediate calculations. Round your answers to 2 decimal places.) -1. What is the loan balance at the end of year 1? (Do not round Intermediate calculations. Round your answer to 2 decimal places.)

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