By how much will the amortization. Shorten if you make a lump sum payment of $30,000 at the end of year 2

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
Problem 1ST
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By how much will the amortization. Shorten if you make a lump sum payment of $30,000 at the end of year 2

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