To expand its operation, Manila Pacific Inc has applied to the International Bank for a 3 year, $350,000 loan make loan amortization table assuming 12 percent rate of interest Required a Calculate equal yearly loan payments b make loan amortization schedule showing the interest and principal breakdown of each of the three loan payments

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To expand its operation, Manila Pacific Inc. has applied to the International Bank for a 3 year, $350,000 loan. make loan amortization table assuming 12

To expand its operation, Manila Pacific Inc. has applied to the International Bank for a 3 year, $350,000 loan. make loan amortization table assuming 12 percent rate of interest.

Required:

a. Calculate equal yearly loan payments.

b. make loan amortization schedule showing the interest and principal breakdown of each of the three loan payments.

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