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Excel. The company you work for borrows $100 million for five years. The loan will be paid back in equal quarterly payments. For tax purposes
Excel. The company you work for borrows $100 million for five years. The loan will be paid back in equal quarterly payments. For tax purposes your manger asks you to prepare each of the five years total interest charges on that loan (total interest for each year). Assume annual interest rate of 16%. Use Excel.
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