Determine how much of each payment goes to principle


A bank grants 30 year mortgages for a total amount of 100 million. These mortgages require payments of coupons of 10% at the quarterly basis. Construct a amortization schedule over the first year of life of the mortgage to determine how much of each payment goes to principle and how much to interest

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Finance Basics: Determine how much of each payment goes to principle
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