Assume a five-year equal payment amortization schedule with, Financial Management

Assume a five-year equal payment amortization schedule with

Assume a five-year equal payment amortization schedule with an annual interest rate of 2% and annual payments. if the beginning principal (loan amount) is $8,000, how much of the first annual payment (in the first year) goes toward reducing the principal?

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Financial Management: Assume a five-year equal payment amortization schedule with

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Financial Management: Assume a five-year equal payment amortization schedule with

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