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ABC Inc. borrows 10,000,000 at a 7% per annum interest rate compounded quarterly. The loan is amortized over five years and requires quarterly payments. Create

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ABC Inc. borrows 10,000,000 at a 7% per annum interest rate compounded quarterly. The loan is amortized over five years and requires quarterly payments. Create a loan amortization schedule by using Excel functions PMT, IPMT and PPMT. ABC Inc.'s principal will be drawn down to zero after its last payment. What percentage of ABC's 10th payment is a principal

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