Question: Problem 4. You borrow $6,000 for 4 years at 9%. You will repay the loan in 4 equal annual payments. Find the amortization schedule for

Problem 4. You borrow $6,000 for 4 years at 9%. You

Problem 4. You borrow $6,000 for 4 years at 9%. You will repay the loan in 4 equal annual payments. Find the amortization schedule for the loan. YEAR Interest Principal Balance 0 $6,000 1 2 3 4

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