Question: Here is your question to solve, due April 1. A loan was taken out for $600,000 with a 10-year amortization. The loan rate is

Here is your question to solve, due April 1. A loan was

Here is your question to solve, due April 1. A loan was taken out for $600,000 with a 10-year amortization. The loan rate is 4.09% compounded monthly. Create a partial amortization table for this ordinary general annuity if payments are made weekly. What is the balance outstanding halfway through the payment terms?

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