Problem 4 Boston Healthcare has just borrowed $3,400,000 on a ten-year, annual payment term loan at an 8 percent rate. The first payment is due one year from now. Construct the amortization schedule for this loan. (See pages 273-274) Year Beginning Balance $3,400,000 Annual Payment Annual Interest (8%) Repayment of Principal Ending Balance 1 2 3 4 5 6 7 8 9 10