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Your company took out an amortizing loan with the following terms: A 1 Amount 2 Term (years) 10 3 Interest rate 6% B 9,000

Your company took out an amortizing loan with the following terms: A 1 Amount 2 Term (years) 10 3 Interest rate 6% B 9,000 Create an amortization table in Excel. What is the outstanding balance at the end of the second year?

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