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How to make an amortization table

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Reference no: EM132315881

Question

The following relates to a note received by ABC Co. on January 1, 2011:

Face

amount: 4,000,000

Stated rate: 0%

Maturity: Annual installments of 1,000,000

First installment: Due on January 1,2011

Effective interest rate: 12%

Show me how to make an amortization table.

Reference no: EM132315881

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