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Suppose you borrow 15,000. The loan's annual interest rate is 8%, and it requires four equal end-of-year payments. Set Up an amortization schedule that shows
Suppose you borrow 15,000. The loan's annual interest rate is 8%, and it requires four equal end-of-year payments. Set Up an amortization schedule that shows the annual payments, interest payments, principal repayments, and beginning and ending loan balances.
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