A borrower and a lender agree on a $200,000 loan at 10 percent interest. An...
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A borrower and a lender agree on a $200,000 loan at 10 percent interest. An amortization of 25 years has been agreed on; however, the lender has the option to call the loan after five years. If called, how much will have to be paid by the borrower at the end of five years?
Please create an amortization schedule in excel/ sheets to display the functions used to obtain the answer!
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