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A B D E F G H J K 1 a Epitome Healthcare has just borrowed $2,000,000 on a 4-year, annual payment term loan at
A B D E F G H J K 1 a Epitome Healthcare has just borrowed $2,000,000 on a 4-year, annual payment term loan at a 12 percent rate. The first payment is due one year from now. Construct the amortization schedule for this loan. 2 Year Beg Bal PMT Interest Principle End Bal 4 PV $ 2,000,000 1 $ 2,000,000 $ 658,469 $ 240,000 $ 418,469 5 N 2 $ 1,581,531 $ 658,469 $ 189,784 $ 468,685 6 I 12.00% 3 $ 1,112,846 $ 658,469 $ 133,542 $ 524,927 $ 587,919 7 FV $ 587,919 $ 658,469 $ 70,550 $ 587,919 $ 8 PMT $658,468.87 4 0 4 Nino Nao ENN 564023.6652069 12.00% 10 11 12 13 14 15 16 17
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