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Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.)...

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Finance

Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.)

$20,000 for 1 year at 12% compounded quarterly

Period Payment Interest Balance Reduction Unpaid Balance
$20,000
1 $ $ $ $
2 $ $ $ $
3 $ $ $ $
4 $ $ $ $0.00

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