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Due to Coronavirus Pandemic TECHNICAL SEAL COMPANY LTD. (TSCL) has lost $1000,000. To keep up in business the TSCL has applied to Al-Rajhi Bank for
Due to Coronavirus Pandemic TECHNICAL SEAL COMPANY LTD. (TSCL) has lost $1000,000. To keep up in business the TSCL has applied to Al-Rajhi Bank for a 3-year, $3,500,000 loan. The CEO asked the CFO to prepare a loan amortization table where the interest rate is 10 percent. The CFO asks you as one of his assistance to prepare that table using Excel sheet.
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