Compute an amortization schedule

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Question: Compute an amortization schedule for a $95,000, 10 Year annual amortization loan, paying 8% payments are to be made at the end of the year.

What if instead the loan was originally structured with a $40,000 ballon payment in the tenth year, what would be each of the 9 annual payments? Must show work.

Reference no: EM131959912

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