I. Suppose you borrow $14,000. The interest rate is 10%, and it requires 4 equal...
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I. Suppose you borrow $14,000. The interest rate is 10%, and it requires 4 equal end-of-year payments. Set up an amortization schedule that shows the annual payments, interest payments, principal repayments, and beginning and ending Ioan balances. Round your answers to the nearest cent. If your answer is zero, enter "0". Choose the correct graph that shows how the payments are divided between interest and principal repayment over time. The correct graph is B. Breakdown of payments Repayment of Principal (S) Interest (S) Repayment of Principal (S) Interest (S) D. Breakdown of payments Repayment of Principal (S) Interest (\$) Repayment of Principal (S) Interest ( (S)
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