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Loan Amortizations: Please construct an annual loan amortization table for a loan of $40,000 for 4 years at 7%. Please utilize figure 4.11 on page 172. You will have to find the payment first before constructing the amortization table. Make sure to provide the number of periods, the beginning balance, the payment, the interest dollar amount, the principal dollar amount, and the ending balance for each of the five years.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92868974

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