56. Commercial Auto Loan Large semitrailer trucks cost $72,000 each. Ace Trucking buys such a truck and agrees to pay for it by a loan that will be amortized with 9 semiannual pay- ments at 6% interest.

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In Exercises 55-58, prepare an amortization schedule showing the first
four payments for each loan. (See Example 5 (c).)
Transcribed Image Text:In Exercises 55-58, prepare an amortization schedule showing the first four payments for each loan. (See Example 5 (c).)
56. Commercial Auto Loan Large semitrailer trucks cost
$72,000 each. Ace Trucking buys such a truck and agrees to pay
for it by a loan that will be amortized with 9 semiannual pay-
ments at 6% interest.
Transcribed Image Text:56. Commercial Auto Loan Large semitrailer trucks cost $72,000 each. Ace Trucking buys such a truck and agrees to pay for it by a loan that will be amortized with 9 semiannual pay- ments at 6% interest.
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