6. Set up a loan amortization schedule assuming that each loan payment is to include an...

Transcribed Image Text:

6. Set up a loan amortization schedule assuming that each loan payment is to include an equal amount of principal repayment ($25,000 per quarter) plus accrued interest, with a $200,000 balloon principal payment made in Quarter 8. Be sure to distinguish between the principal and interest portions of each of the eight quarterly payment. 6. Set up a loan amortization schedule assuming that each loan payment is to include an equal amount of principal repayment ($25,000 per quarter) plus accrued interest, with a $200,000 balloon principal payment made in Quarter 8. Be sure to distinguish between the principal and interest portions of each of the eight quarterly payment.