Assume yearly payments-build table showing year-interest due

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How much principal will be paid (subtracted from the balance) and interest will be paid in each payment on a $10,000 loan with a 6 year term at 5% yearly interest? Assume yearly payments. Build a table showing year, interest due, total owed, payment, and balance.

Please be specific on how much the monthly payment is.

Reference no: EM13797058

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