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Prepare an amortization schedule for a three-year loan of $72,000. The interest rate is 9 percent
per year, and the loan calls for equal annual payments. How much total interest is paid over the
life of the loan? (Leave no cells blank. Enter ' 0 ' where necessary. Do not round intermediate
calculations and round your answers to 2 decimal places, e.g., 32.16.)

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Prepare an amortization schedule for a three-year loan of $72,000. Th.pdf

  • 1. Prepare an amortization schedule for a three-year loan of $72,000. The interest rate is 9 percent per year, and the loan calls for equal annual payments. How much total interest is paid over the life of the loan? (Leave no cells blank. Enter ' 0 ' where necessary. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)