Payments are made at the end of the year

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Reference no: EM131499741

An owner of a small business borrows $785,000 at 6.9% annual compound interest. The loan is to be repaid over a 7-year period using the four possible repayment methods. Payments are made at the end of the year.

Solve using Excel. Use Excel Functions/Operations to create 4 tables showing the four loan repayment methods.

Reference no: EM131499741

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