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Calculate the annual payments for the loan

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Reference no: EM132968695

Question - Loan Amortization - Consider a $275,000 fully amortized loan with a term of 7 years and a fixed interest rate of 6.5% Payments are made on an annual basis.

a) Calculate the annual payments for the loan.

b) Construct the amortization schedule for the seven years.

Reference no: EM132968695

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