Loan amortization. Laurel Regional Hospital needs to borrow $80 million to finance its new facility. The interest rate is 8 percent for the loan. Principal and interest payments are equal debt service payments, made on an annual basis. The length of the loan is 10 years.

The CEO would like to develop a loan amortization schedule for this debt issuance.

Prepare such a schedule. (Hint: see Appendix G.)