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Using the following information, complete the table below. You have an initial loan amount of $30,000. Your loan amortizes over 5 years. Rate is 8%.

Using the following information, complete the table below. You have an initial loan amount of $30,000. Your loan amortizes over 5 years. Rate is 8%.image text in transcribed

Using the following information, complete the table below. You have an initial loan amount of $30,000. Your loan amortizes over 5 years. Rate is 8%. Year Beginning Loan Balance Year-End Interest Due on Balance Year-End Payment Due Amortization of Loan Ending Loan Balance 1 $30,000 2 3 4 5

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