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To finance its initial investment, a project receives bank financing for L6,000,000 with a 5-year term that includes a one-year grace period at an interest
To finance its initial investment, a project receives bank financing for L6,000,000 with a 5-year term that includes a one-year grace period at an interest rate of 10%. Prepare an amortization table considering that the payments are semi-annual and the installments are level with respect to the principal.
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