What is the total amount of interest paid on this


1. Construct a loan amortization schedule for a $3,500,000, 3-year loan, made at 6.85% quoted annual rate. Interest is compounded daily, and the loan requires equal end-of-period monthly payments.

What is the total amount of interest paid on this loan?

PLEASE SHOW MATH/FORMULAS

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Financial Management: What is the total amount of interest paid on this
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