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to to 15. Jeff and Teara Rubysam need to take out a loan for $7,000. If their bank agrees to lend them the money at

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to to 15. Jeff and Teara Rubysam need to take out a loan for $7,000. If their bank agrees to lend them the money at 8% per annum and they make 5 annual payments beginning one year from the lending date, what is the amount of each payment and prepare an amortization schedule to show the loan payoff schedule

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