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To vacation with his family, Mr . Velasco obtains a loan of $ 6 0 , 0 0 0 to be paid in 7 monthly

To vacation with his family, Mr

.

Velasco obtains a loan of $

60, 000

to be paid in

7

monthly installments with an annual interest rate of

13 %

compounded by months. Prepare the amortization table.

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