Repayment table

Exercise 1

A company is indebted to a bank for $1,000,000 over 8 years, with an interest rate of 4%. Draw up the loan repayment table if the repayment follows the equal share principal payments method.

Exercise 2 A company is indebted to a bank for $1,000,000 over 8 years, with an interest rate of 4%. Draw up the loan repayment table if the repayment follows the Balloon payments method.