Question: The following shows an amortization schedule for a loan that calls for level semi-annual payments over 2 years. Fill in the missing values in the

The following shows an amortization schedule for a loan that calls for level semi-annual payments over 2 years. Fill in the missing values in the amortization schedule and calculate the annual effective rate of interest.

The following shows an amortization schedule for a loan that calls for

Year Installment Interest paid Principal repaid Outstanding balance 9,088.51 0 0.5 1 1.5 2. 2.969.71 122.38 3,151.49 0

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