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Prepare an amortization schedule

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Question - MJ Company borrowed 3,000,000 from a bank on March 30, 2020. The loan has an annual interest rate of 10% and the principal is payable at the end of every quarter amounting to 250,000. The first quarterly payment will be on June 30, 2020. Prepare an amortization schedule for 2020 until the loan is fully paid on March 30, 2023.

Reference no: EM133076677

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