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You plan to borrow $35,000 at an 8% annual interest rate. The terms require you to amortize the loan with 6 equal end-ofyear payments. (4

You plan to borrow $35,000 at an 8% annual interest rate. The terms require you to amortize the loan with 6 equal end-ofyear payments. (4 marks) a) Calculate the amount of annual payment you would be paying every year? Use Financial Calculator b) Set-up an amortization schedule.

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