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office building is to be financed with a $10M, 15-year loan at 6%APR compounded monthly. Using this information, complete the loan amortization schedule below. PER
office building is to be financed with a $10M, 15-year loan at 6%APR compounded monthly. Using this information, complete the loan amortization schedule below. PER PRIN PMT IPMT PPMT 1 121 180 What is the total amount of principal paid during the life of the loan? What is the total amount of interest paid during the life of the loan? What is the effective annual interest rate
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