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Write out a complete schedule for the amortization of a $10,000 loan with payments every 6 months at 16% interest compounded semiannually for 1 year.
Write out a complete schedule for the amortization of a $10,000 loan with payments every 6 months at 16% interest compounded semiannually for 1 year. Complete the schedule below. Payment number Applied to principal Unpaid Balance Amount Interest 1 $ $ $ $ 2 $ $ $ (Round to the nearest cent as needed.)
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