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Please provide instructions estion 3 (total of 20 marks): Fill in the blank black-bordered cells in the below table $1,000,000 initial value, 5.4% pa interest
Please provide instructions
estion 3 (total of 20 marks): Fill in the blank black-bordered cells in the below table $1,000,000 initial value, 5.4% pa interest rate, 30 year maturity, 10 for first 2 years, then P&1 for remaining 28 years, monthly payments Value immediately after payment Total payment Interest component $/ month $/ month $/ month Principal component \$/month 0 1,000,000.00 1 24 25 26 358 359 360 4Step by Step Solution
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