Question: Please show formula(s) and work. Problem 1: You take out an amortized loan for $10,000. The loan is to be paid in equal installments at

Please show formula(s) and work.

Problem 1: You take out an amortized loan for $10,000. The loan is to be paid in equal installments at the end of each of the next 5 years. The interest rate is 8%. Construct an amortization schedule

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