Difference between amortization schedule and sinking fund

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Question 1 annuity-immediate at an effective interest rate of 4.5% per year

(a) Construct an amortization schedule for a loan of $11,800 to be repaid by an 8-payment

(b) What would be the difference between an amortization schedule and a sinking fund schedule for the loan repayment in (a)?

Reference no: EM132608602

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