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What is the begging balance

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If you have a amortization schedule for a $32,000 loan to be repaid in equal installments at the end of each of the next three years. The interest rate is 12% compounded annually. For each of the three years what is the begging balance of each year, the payment of each year, the interest, the repayment principle, and the ending balance of each year?

Reference no: EM132623362

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