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Amortization Schedule
Loan- $25,000.00
Total Payment- $400.00
APR (%)- 8
Period Rate-
Number of Periods-
Total Interest-
Calculate the period of rate assuming monthly compounding.
Do the amortization schedule.
What is the life of your loan?
What is the total interest payment over the life of the loan?
NOTE: In answering the questions, just fill out the table above.
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