What is the total amount of interest paid on this


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?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: What is the total amount of interest paid on this
Reference No:- TGS02812317

Expected delivery within 24 Hours