Compute an amortization schedule

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Compute an amortization schedule for a $50000, 10 year annual amortization loan, paying 6.5%. Payments are to be made at the beginning of the year. If you paid only $4800 in the eighth year, and the loan is restructured at a 6% rate so that it still amortizes by the 10th year, what will your remaining two payments be?

Reference no: EM132630499

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