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Show a loan amortization schedule for a 5 year 10% loan for $50,000,000 that requires 5 equal end of year payments.

This question was answered on Jan 25, 2013. View the Answer
Show a loan amortization schedule for a 5 year 10% loan for $50,000,000 that requires 5 equal end of year payments.
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8424090.xlsx

Show a loan amortization schedule for a 5 year 10% loan for $50,000,000 that requires 5 equal end of year payments.
Solution:
Step 1: To calculate the end of year payment
We can solve for the end...

This question was asked on Jan 25, 2013 and answered on Jan 25, 2013.

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