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you just arranged $2000,000 at 10 percent compounded semi annually for a 20 years. the loan is repayable in equal annual installments payable at the

you just arranged $2000,000 at 10 percent compounded semi annually for a 20 years. the loan is repayable in equal annual installments payable at the end of each period.

a. what is the payment that will completely amortize the loan over 20 years? (you may wish to round to the nearest dollar.)

b. prepare amortization schedule.

c. Of each equal payment, what is the amount of interest? The amount of loan principal?

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