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To start his own fast food restaurant, Ashraful borrowed 875000 taka at an 8% annual rate of interest to be repaid over 3 years. The
To start his own fast food restaurant, Ashraful borrowed 875000 taka at an 8% annual rate of interest to be repaid over 3 years. The loan is amortized into three equal, annual, end of year payments. 1) Prepare a loan amortization schedule showing the interest and principal break down of each of the three loan repayments.
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