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Question: Prepare an amortization schedule for a 3...

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Question: Prepare an amortization schedule for a 3-year loan of $60,000.The interest rate is 9% per year and the loan calls for equal annual payments.How much interest is paid in the 3rd year? How much total interest is paid over the life of the loan? Please see attached file. Only #56 in the attached.

 

Paper#2734 | Written in 18-Jul-2015

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