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Please create a loan schedule with the following loan terms. Loan Terms: Amount: $2,000,000 Close Date: January 1, 2022 Maturity Date: December 31, 2026 Amortization

Please create a loan schedule with the following loan terms.

Loan Terms:

Amount: $2,000,000

Close Date: January 1, 2022

Maturity Date: December 31, 2026

Amortization Period: 10 years

Interest Only Period: 12 months

Interest Rate during interest only period: 4.00%

Interest Rate after interest only period: 6.00%

Interest Calculation: Actual Days / 360

Payments: 1st day of month in arrears

Please explain everything you did! Thank you

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