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A construction manager borrows $ 1 , 2 0 0 , 0 0 0 at 5 . 5 % per annum, compounded monthly. The loan
A construction manager borrows $ at per annum, compounded monthly. The loan is to beretired in five years.a Draw the CFD from the lenders perspective. ptb What is the effective interest rate per month? ptc What is the effective annual interest rate? ptd Calculate the monthly payment for the loan. pte Using a spreadsheet, prepare an amortization table for the loan showing the month, beginningbalance, total payment, interest component, principal component, and unpaid beginning balancefor the first payments. pt
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