Suppose you just borrowed $74,000 and arranged for a 2-year loan with monthly payments beginning one...
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Suppose you just borrowed $74,000 and arranged for a 2-year loan with monthly payments beginning one month from today. Prepare the amortization schedule for this loan. The interest rate is 5.60%. Show the total amounts in payment, interest, and principal. To complete this part efficiently, set up the formulas in the first row of the table, and utilize Copy/Paste to fill out the remaining cells. Suppose you just borrowed $74,000 and arranged for a 2-year loan with monthly payments beginning one month from today. Prepare the amortization schedule for this loan. The interest rate is 5.60%. Show the total amounts in payment, interest, and principal. To complete this part efficiently, set up the formulas in the first row of the table, and utilize Copy/Paste to fill out the remaining cells.
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