Prepared loan amortization schedule for this loan

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Reference no: EM132057449

Determine the annual payment on a $15,000 loan that is to be amortized over a four-year period and carries a 10 percent interest rate. Also prepared a loan amortization schedule for this loan. P= principal loan $15,000, r=interest rate 10%, n=number of payments (which payments are annual), A=payment amounts per period.

Reference no: EM132057449

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