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You have the following information about the loan: ####### Loan amount: Interest rate: Number of years 8.00% 15 First calculate the fixed PRINCIPAL payments for

You have the following information about the loan:

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####### Loan amount: Interest rate: Number of years 8.00% 15 First calculate the fixed PRINCIPAL payments for each year then complete the equal annual PRINCIPAL payment amortization table below Principal Payment Beginnin Period Total Paid Interest Principal Ending Paid Paid Balance Balance 1 2 3 4 5 6 8 9 10 11 12 13 14 15

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