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Prepare an amortization schedule for the loan

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Reference no: EM131728142

Question: It's the Principal That Matters. Suppose you borrow $10,000. You are going to repay the loan by making equal annual payments for five years. The interest rate on the loan is 14 percent per year. Prepare an amortization schedule for the loan. How much interest will you pay over the life of the loan?

Reference no: EM131728142

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