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SportZ has negotiated a loan of $ 2 5 0 0 0 with interest at 7 . 6 % per annum, to be paid as
SportZ has negotiated a loan of $ with interest at per annum, to be paid as monthend payments of $ over the next year. Construct a loan amortization schedule to answer the following questions. i How much interest is paid over the first two months? ii How much of the principal is paid by the end of the first two months? iti. How much interest is paid over the term of the loan? iv What is the amount of the final payment?
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