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are held ) rate of return dropping to an average 3 % per year 5 . The company you work for borrows $ 1 2

are held $)$ rate of return dropping to an average $3 %$ per year

$5 .$ The company you work for borrows $ $120$ million for five years. The loan will be paid back in equal quarterly payments. For tax purposes, your manager asks you to prepare the five years annual interest charges on that loan. Assume an annual interest rate of $16 % .$ Solve in excel simple please

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