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Task 1: Complete an amortization schedule for a 100,000 loan to be repaid in equal installments at the end of each of the next 3
Task 1: Complete an amortization schedule for a 100,000 loan to be repaid in equal installments at the end of each of the next 3 years. The interest rate is 4%, compounded annually. Year Beginning balance Payment Interest Principal repayment Ending balance 1 2 3 (Show the calculation of the payment in the space provided below)
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