Your company wants to borrow $70,000 from Xing-Hye UniBank to invest in a new project. The loan carries a 12% interest rate and a term of 8 years. Create an ammortization schedule of the required payments from years 1-8, including what equal annual payments must be made to discharge the loan, plus pay its required rate of interest and principal payments.

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Here is the amortization schedule for the 8year 70000 lo... View the full answer