Question: 1 . Set up an amortization schedule that repays a $ 7 5 , 0 0 0 loan with 5 equal annual payments but with

1. Set up an amortization schedule that repays a $75,000 loan with 5 equal annual payments but with the first annual payment starting 3 years from now. Assume that the annual interest rate is i =6% or 0.06.

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