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A firm has taken a two-year term loan for $400,000 at an annual rate of 7.5%. The loan requires the firm to make end-of-quarter payments.

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A firm has taken a two-year term loan for $400,000 at an annual rate of 7.5%. The loan requires the firm to make end-of-quarter payments. Given this, answer the following: 5. Assume that each loan payment is to include an equal amount of principal repayment ($50,000 per quarter) plus acerued interest. Set up the equal amortization schedule for this loan. Be sure to distinguish between the principal and interest portions of each quarterly payment

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