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Set up the amortization schedule for a five-year 1 million

Question - Set up the amortization schedule for a five-year, $1 million, and 9 percent loan that requires equal annual end of the year principal payments plus interest on the unamortized loan balance. What is the effective interest cost of this loan?

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Accounting Basics: Set up the amortization schedule for a five-year 1 million

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