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Use the PV (Present Value) function to determine the outstanding loan balance in Year 5. Use the amortization schedule below to check your work. Loan

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Use the PV (Present Value) function to determine the outstanding loan balance in Year 5. Use the amortization schedule below to check your work. Loan Principal Loan Term Hinterest Rate Loan Balance $4,000,000 15 10.00% Begin PMT Interest Principal End 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

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