Question: Problem 4-20 Amortization Schedule Consider a $20,000 loan to be repaid in equal installments at the end of each of the next 5 years. The

Problem 4-20 Amortization Schedule Consider a $20,000 loan to be repaid

Problem 4-20 Amortization Schedule Consider a $20,000 loan to be repaid in equal installments at the end of each of the next 5 years. The interest rate is 12%. a. Set up an amortization schedule for the loan. Round your answers to the nearest cent. Enter "O" if required Year Payment Repayment Interest Repayment of Principal Balance 1 $ $ 2 $ 3 $ $ $ $ $ $ $ $ $ $ $ $ $ 4 5 ta Total $

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