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 plus interest on the unamortized loan balance. 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
Reference No:- TGS0608201

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