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Calculate column of the table

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Develop a complete amortization table for a loan of $20,000, to be paid back in 18 uniform monthly installments, based on an interest rate of 6%. The amortization table should include the following column headings: Payment Number, Principal Owed, Interest Owed, Principal Paid, and Balance Due Monthly Payment You must also show the equations used to calculate each column of the table.

Reference no: EM133077260

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