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Problem 3 Boston Clinic Inc, just borrowed $2,000,000 on a 5-year, monthly payment term loan at a 6 percent APR. The first payment is due

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Problem 3 Boston Clinic Inc, just borrowed $2,000,000 on a 5-year, monthly payment term loan at a 6 percent APR. The first payment is due one year from now. Construct the amortization schedule for this loan. Hint: Use excel to construct the table. Submit the excel file only (no need to populate the table below). Month Beginning Balance $2,000,000 Monthly Payment Repayment of Principal Ending Balance Interest

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