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Suppose a business takes out a $ 1 0 . 0 0 0 , three - year loan at 1 0 percent. The loan agreement
Suppose a business takes out a $ threeyear loan at percent. The loan agreement calls the borrower to pay in equal installments every six months. Please compute the following:
Prepare the complete amortization table.
b What is the total amount of interest paid for the loan?
CHow much interest does the business pay in the second year?
D How much was the principal paid in the rd semi annual period?
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