A company borrowed $300 million from a bank for two years at 3-month LIBOR+1.5%, beginning December 3, paid quarterly. The amortization schedule for the loan is $50 million every six months. Fill in the table below using the given LIBOR assumptions, taking proper care of day counts. Some of the dates fall on weekends youll need to adjust for that.

date 3-mo LIBOR interest rate interest payment total payment

Dec 3 2%

March 3 2020 2.5%

June 3 2.75%

Sept 3 3.05%

Dec 3 3.15%

March 3 2021 3.3%

June 3 3.33%

Sept 3 3.25%

Dec 3

*note: this is how the hw problem was given. You don't need the last month.