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Annual Payment for Amortization of Loan Assignment

Author:
February 21st, 2020

A Firm borrows $500,000 for five years at an interest rate of 6.5%.

a) Calculate the Annual payment for the amortization of the loan

b) Prepare an amortization table to illustrate how the loan will be paid off, if the loan payments are made at the end of the year. Get Finance homework help today

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