Question: This exercise is designed to be solved using technology such as calculators or computer spreadsheets. You borrow $20,000 with a term of four years at

This exercise is designed to be solved using technology such as calculators or computer spreadsheets. You borrow $20,000 with a term of four years at an APR of 6%. Make an amortization table. How much equity have you built up halfway through the term? (Round your answer to two decimal places.)

$________

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