This is all the information I was received. What else would you need?

1. A business is taking $3 million-dollar loan; the loan is made of three equal parts, $1 million each part. The first part is to be paid off in 60 days, the second part in one year and the last part in four years plus 60 days. Payment of each of the parts includes the interest accumulated on that part only. Assume all parts interest rate is 8% and daily compounding is used. Hints: 1. Treat it as three separate loan ($1 million each) with different maturities. This is essentially a compounding question; try to view it as a daily interest rate and the number of days for the loan to be paid off