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Your brother plans to borrow $99,000 at a 6.5% interest rate compounded annually. The contract terms require your brother to amortize the loan with 10

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Your brother plans to borrow $99,000 at a 6.5% interest rate compounded annually. The contract terms require your brother to amortize the loan with 10 equal payments each made at the end of each year. He asks for your help to construct an amortization schedule showing details of the payments. Answer the following question: Show how you find the answers for the following dollar amounts by either typing your work into the available text box or uploading a photo of your work into the available text box below. Note: There will be no marks given if you only show the final answers without calculation steps or if your work is not in your own words. (1) the size of the periodic payment (2) the interest amount of the first payment (3) the loan balance that remains to be paid after the first payment (4) the interest amount of the second payment, and (5) the loan balance that remains to be paid after the second payment

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