1 PROBLEM 3 a. Eastman Medical Center has just borrowed $145,000,000 on a 8-year, annual payment term loan at a 4.75 percent rate. The first payment is due one year from now. Construct the amortization schedule for this loan. 2 3 4 PV 5 N 6 I 7 FV 8 PMT 9 10 11 12 Year Beg Bal PMT Interest Principle End Bal b. It is now the end of Year 4 and Eastman Medical Center has decided to refinance this loan. They have been offered a 4 year loan at 3.2%. Construct the amoritization table for the refinanced loan. 13 14 15 16 PV 17 N 18 I 19 FV 20 PMT 21 22 23 24 122222 25 26 27 Year Beg Bal PMT Interest Principle End Bal