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To help with the startup costs of his new comic book store, Rafael is taking out a $56,000 amortized loan for 10 years at 8.5%
To help with the startup costs of his new comic book store, Rafael is taking out a $56,000 amortized loan for 10 years at 8.5% annual interest. His monthly payment for this loan is $694.32. Fill in all the blanks in the amortization schedule for the loan. Assume that each month is 121 of a year. Round your answers to the nearest cent
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