Question: Answer fully thank you! m. I. Construct an amortization schedule for a $1,000, 4% annual interest loan with three equal installments. What is the annual

Answer fully thank you!

m. I. Construct an amortization schedule for a $1,000, 4% annual interest loan with three equal installments. What is the annual interest expense for the borrower and the annual interest income for the lender during Year 2? 2

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