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December 18, 2014

Homework Help: accounting

Posted by sweet on Saturday, October 23, 2010 at 4:55pm.

John borrows $150,000. The terms of the loan are 7.5% over the next 5 years. It is important to note that he makes annual rather than monthly payments.
Construct a loan amortization schedule that shows the 5 payments of John's loan.

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