Question: 2. Suppose you are purchasing a car. You will borrow $40,000 and make annual payments on a three-year amortized loan. The interest rate is 8%.

2. Suppose you are purchasing a car. You will borrow $40,000

2. Suppose you are purchasing a car. You will borrow $40,000 and make annual payments on a three-year amortized loan. The interest rate is 8%. Construct an amortization table for this loan. 2. Suppose you are purchasing a car. You will borrow $40,000 and make annual payments on a three-year amortized loan. The interest rate is 8%. Construct an amortization table for this loan

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