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. Your company is planning to borrow $300,000 now and repay it in equal installments during the next four years at 5 percent annual interest

. Your company is planning to borrow $300,000 now and repay it in equal installments during the next four years at 5 percent annual interest rate to fully amortize the loan.

Calculate the equal yearly installments to fully repay the loan. Show your Work

b. Prepare a complete schedule of amortization table for this loan. Show it

in a table.

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