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Please solve this A $24,000 loan that charges 6.25% interest compounded monthly is repaid...

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Accounting

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A $24,000 loan that charges 6.25% interest compounded monthly is repaid by annual payments over 5 years. Complete the following amortization schedule. For full marks your answer should be rounded to the nearest cent. 1 Payment Payment Amount Interest Portion Principal Portion Principal Balance Remaining Number ($) (PMT) ($) (INT) ($) (PRN) ($) (BAL) Start 0.00 0.00 0.00 0.00 0.00 2 0.00 0.00 0.00 0.00 3 0.00 0.00 0.00 0.00 4. 0.00 0.00 0.00 0.00 5 0.00 0.00 0.00 0.00 Total 0.00 0.00 0.00

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