Question
A company is borrowing $2,000,000 to expand its business. The loan will be for ten years at 12% and will be repaid in equal annual
A company is borrowing $2,000,000 to expand its business. The loan will be for ten years at 12% and will be repaid in equal annual installments. Please complete the amortization schedule.
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Year | Total Payment | Interest Paid | Principal Paid | Balance |
| 0 |
|
|
| 2,000,000 |
| 1 |
|
|
|
|
| 2 |
|
|
|
|
| 3 |
|
|
|
|
| 4 |
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| 5 |
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| 6 |
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| 7 |
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| 8 |
|
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| 9 |
|
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|
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| 10 |
|
|
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|
| Totals |
|
|
|
|
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Valuation Measuring And Managing The Value Of Companies
Authors: McKinsey & Company Inc., Tom Copeland, Tim Koller, Jack Murrin
3rd Edition
0471361909, 978-0471361909
