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You borrow $ 7 5 , 0 0 0 for three years. This is an amortized loan. Payments are the same each month. The loan
You borrow $ for three years. This is an amortized loan. Payments are the same each month. The loan is fully paid off with the final payment. The quoted interest rate or APR is per year with monthly compounding. Assuming you make all of your payments on time, what is the outstanding balance on the loan right after you have made your st payment ie with payments remainingCAN YOU SHOW THE AMORTIZATION TABLE IN EXCEL INCLUDING THE FORMULAS PLEASE
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