Question: 16. Develop a complete amortization table on sheet Q17 for a loan of $4500, to be paid back in 24 uniform monthly installments, based on

16. Develop a complete amortization table on sheet Q17 for a

16. Develop a complete amortization table on sheet Q17 for a loan of $4500, to be paid back in 24 uniform monthly installments, based on an interest rate of 6%. The amortization table must include the following column headings: a. Payment number b. Principle owed (beginning of period) c. Interest owed in each period d. Total owed (end of each period) e. Principle paid in each payment f. Uniform monthly payment amount

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