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Determine the annual payment on a $19,500 loan that is to be amortized over a four-year...

Determine the annual payment on a $19,500 loan that is to be amortized over a four-year period and carries a 10 percent interest rate. Also prepare a loan amortization schedule for this loan.

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Please refer to below spreadsheet for calculation and answer. Cell reference also provided.

Cell reference -

jeff jeffy answered 1 year ago
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