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OpenStudy (suwhitney):
A loan of $1900 with an interest rate of 15% compounded annually is to be repaid by making annual payments of $665.50 at the end of each year for the next 4 years. Construct an amortization schedule for this loan and answer the following questions.Round your answers off to the nearest penny. What is the amount of the final payment made in period 4 in order to zero out the final balance?
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