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Please use excel to explain these following 19. Your company takes out a 10-year term loan to borrow $1,325,000 to finance a building expansion. The

Please use excel to explain these following

19. Your company takes out a 10-year term loan to borrow $1,325,000 to finance a building expansion. The annual interest rate on the loan
is 4.75% and equal payments are made monthly. How much will the monthly payment be?
20. Referring back to question #19, how much total interest will the company be paying over the life of the term loan?

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