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WINTER 2021 INC com Assignment Seved Help Prepare an amortization schedule for a five-year loan of $71,500. The Interest rate is 7 percent per year,
WINTER 2021 INC com Assignment Seved Help Prepare an amortization schedule for a five-year loan of $71,500. The Interest rate is 7 percent per year, and the loan calls for equal annual payments. (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Leave no cells blank - be certain to enter "0" wherever required.) Year Beginning Balance Total Payment Interest Payment Principal Payment Ending Balance 1 2 3 4 5 How much interest is paid in the third year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.. 32.16.) Interest paid
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