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3. To expand its operation, MARVEL Inc. has applied to the ANZ Bank for a 4 year, $650,000 loan. Prepare a loan amortization table assuming

3. To expand its operation, MARVEL Inc. has applied to the ANZ Bank for a 4 year, $650,000 loan. Prepare a loan amortization table assuming 7.5 percent rate of interest. Questions (10): a. Calculate the annual, end of year loan repayment. b. Prepare a loan amortization schedule showing the interest and principal break down of each of the three loan repayments. Time - 15 minutes

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