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You obtain an installment loan to pay for graduate school in the amount of $30,000. If the lender charges you 7% interest and you are

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You obtain an installment loan to pay for graduate school in the amount of $30,000. If the lender charges you 7% interest and you are required to pay the loan off in equal annual installments over a period of 8 years, what is the amount of each installment? What would be the annual payments? Create an amortization Schedule RESPONSE: You will need to upload the excel sheet showing the solution and amortization table A

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