5. Prepare an amortization schedule for a five-year loan of $70,000. The interest rate is 8 percent
per year, and the loan calls for equal annual payments. Populate the first two years of the table
below. ( 25 Points).
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5 Prepare an amortization schedule for a fiveyear loan of .pdf
1. 5. Prepare an amortization schedule for a five-year loan of $70,000. The interest rate is 8 percent
per year, and the loan calls for equal annual payments. Populate the first two years of the table
below. ( 25 Points)