A construct a loan amortization schedule for a 2000000, Ask an Expert

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a) Construct a loan amortization schedule for a $2,000,000, 3-year loan, made at 6.85% quoted annual rate. Interest is compounded daily, and the loan requires equal end-of-period monthly payments.

b) What is the total amount of interest paid on this loan?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92855501

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