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Prepare an amortization schedule for a three-year loan of $114,000. The interest rate is 11 percent per year, and the loan calls for equal annual payments. How much total interest is paid over the life
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Prepare an amortization schedule for a three-year loan of $114,000. The interest rate is 11 percent per year, and the loan calls for equal annual payments. How much total interest is paid over the life of the loan?

User Rodrigolece
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2 votes

Answer:

$1254.000 loan

Step-by-step explanation:

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User TheGreatCornholio
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