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Set up the amortization schedule for a 5-year 1 million 9

Set up the amortization schedule for a 5-year, $1 million, 9 percent term loan that requires equal annual end-of-year payments.

Be sure to distinguish between the interest and the principal portion of each payment. What is the effective interest cost of this loan?

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Finance Basics: Set up the amortization schedule for a 5-year 1 million 9

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Finance Basics: Set up the amortization schedule for a 5-year 1 million 9

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Q : Set up the amortization schedule for a 5-year 1 million 9

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