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Van Nuys Health System (VNHS) plans to construct a new building. The total cost of this capital project is $6,000,000. VNHS will finance the
Van Nuys Health System (VNHS) plans to construct a new building. The total cost of this capital project is $6,000,000. VNHS will finance the project with $3,000,000 from its equity and a 10 year term loan with the annual interest rate of 5%. VNHS will make monthly payments. 7.1 Compute the loan amortization schedule. (10 points)
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