Do an amortization schedule for each loan

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Reference no: EM131980619

Anderson Small Appliance Company is negotiating a commercial loan of $450,000 with two banks. Bank A has offered to loan the money at 8% with level principal payments and the interest at the end of each of three years. Bank B is suggesting a loan at 8% in which ASAC would make three level total payments that are the same amount, one at the end of each year. Do an amortization schedule for each loan.

Reference no: EM131980619

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