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XYZ wants to expand its operations by adding another product, which will be a 5-years project with an investment cost of $115,000. If XYZ borrowed
XYZ wants to expand its operations by adding another product, which will be a 5-years project with an investment cost of $115,000. If XYZ borrowed $115,000 at a yearly interest rate of 12% for 6 years, generate the loan amortization table (starting balance, interest payment, principal payment, ending balance) if they want to pay off the loan at the end of year 5. Show your calculations.
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