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Company ABC borrows (term loan) $250 million from Bank: term: 2-year maturity payment frequency: quarterly start date: June 1 2018 interest rate: 3-month LIBOR +
Company ABC borrows (term loan) $250 million from Bank: term: 2-year maturity payment frequency: quarterly start date: June 1 2018 interest rate: 3-month LIBOR + 1 % amortization schedule: 75% after year 1 Data for 3-month LIBOR% une 1 2018 1.75 July 1 2018 1.9 August 1 2018 1.98 Sept 1 2018 2.05 Oct 1 2018 2.10 Nov 1 2018 2.10 Dec 1 2018 2.22 Jan 1 2019 2.20 Feb 1 2019 2.10 March 12019 2.18 April 1 2019 2.25 May 1 2019 2.35 June 1 2019 2.5 July 1 2019 2.45 August 1 2019 2.48 Sept 1 2019 2.5 Oct 1 2019 2.60 Nov 1 2019 2.65 Dec 1 2019 2.72 Jan 1 2020 2.80 Feb 1 2040 2.99 March 1 2020 2.81 April 1 2020 3.05 May 1 2020 3.3 What are the payments, and when, ABC makes to Bank
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