You took a 5 year, $100,000 loan. The loan has equal principal payments. The loan carries a

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You took a 5 year, $100,000 loan. The loan has equal principal payments. The loan carries a 6% annual interest rate and is paid back in annual payments.

1. What is the outstanding balance of the loan after 3 years?

2. Compute an amortization table for the loan.

3. What is the interest payment on the fourth installment?

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Taxation Of Individuals And Business Entities 2021

ISBN: 9781260247138

12th Edition

Authors: Brian Spilker, Benjamin Ayers, John Barrick, Troy Lewis, John Robinson, Connie Weaver, Ronald Worsham

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Posted Date: Feb 26, 2024 02:24 AM

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You took a 5 year, $100,000 loan. The loan has equal principal payments. The loan carries a

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Taxation Of Individuals And Business Entities 2021

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