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Yearly 31% interest and a loan of 200,000 $ with 12-month installments to be paid at the end of the month. Show the necessary calculations
Yearly 31% interest and a loan of 200,000 $ with 12-month installments to be paid at the end of the month. Show the necessary calculations and create the monthly cash flow table on the template given below. No tax, expense and withholding values will be taken into account. Also, pay attention to monthly and annual terms when solving questions.
interest remaining principal principal installment amount 200,000.00 total
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