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The annual interest rate and a line of an amortization schedule for a loan are given. Complete the next line of the schedule. Assume

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The annual interest rate and a line of an amortization schedule for a loan are given. Complete the next line of the schedule. Assume that payments are made monthly. Paid on Annual Interest Interest Rate Payment Paid Principal Balance 8% $160.89 $14.57 $146.32 $2857.22 ? ? ? ? Annual Interest Paid on Interest Rate Payment Paid Principal Balance 8% $160.89 $14.57 $146.32 $2710.90 Annual Interest Paid on Interest Rate Payment Paid Principal Balance 8% $19.05 $141.84 $160.89 $2715.38 Annual Interest Paid on Interest Rate Payment Paid Principal Balance 8% $141.84 $19.05 $160.89 $2696.33 Annual Paid on Interest Rate 8% Payment $160.89 Interest Paid $19.05 $141.84 $2715.38 Principal Balance

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