Prepare an amortization schedule for loan

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Reference no: EM131544193

Interest Rate 2.5% Your firm plans to upgrade its computer systems. The computers will be financed with a 5-year bank loan totaling $25,000. Your firm can obtain a loan at the prime rate and you are asked to provide this information to your firm’s management. Obtain this information from a local bank and use that interest rate to prepare an amortization schedule for the loan.

Reference no: EM131544193

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