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You receive a 3 year $10,000 Liam from your bank. This is an amortized loan which means you have to make 3 equal annual payments
You receive a 3 year $10,000 Liam from your bank. This is an amortized loan which means you have to make 3 equal annual payments to the bank. The bank is charging you 12% interest for this loan. A) complete an amortization schedule B) how much in total you end up paining back to bank? Please show work if possible
A) complete an amortization schedule
B) how much in total you end up paining back to bank?
Please show work if possible
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