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Answer: Step-by-step explanation: To determine the loan repayment schedule, we...

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joemama194828582

<p>Suppose a business takes out a GHC5000, 5-year loan at 9%. If the loan agreement calls for the borrower to pay the interest on the loan balance each year and to reduce the loan balance each year by GHC 1000, what would the loan repayment schedule look like? </p>

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joemama194828582Liverpool John Moores University

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