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3. A firm has taken a two-year term loan of $1 million. The loan requires the firm to make quarterly payments at a nominal annual rate of 8%. Prepare a repayment schedule (similar to the repayment schedules presented in class and in Table 19.3 in the textbook) detailing the amount and composition (interest versus principal reduction) of each payment if the loan is: a. An equal amortization loan. b. An equal amortization loan with a $300,000 balloon principal payment