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You just borrowed $25,000 from your local bank today (January 1st, 2000). The annual interest rate is 8%. You will need to payback the entire

You just borrowed $25,000 from your local bank today (January 1st, 2000). The annual interest rate is 8%. You will need to payback the entire loan with interests in three years by paying equal semi-annual payments. Please prepare a loan amortization schedule.

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