Ics plans on expanding their plant and will fund 2000000, Ask an Expert

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ICS plans on expanding their plant and will fund $2,000,000. Part of the funding will come from cash, but the balance of $775,000 will be financed. The interest rate will be 5% and ICS plans on borrowing the funds for 4 years. Prepare a loan amortization schedule for the 4 years with 5% interest for the $775,000 and assume making one payment per year. Show the schedule.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92257055

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