What is the total amount of interest paid on loan

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Reference no: EM132018097

1. Construct a loan amortization schedule for a $4,250,000, 4-year loan, made at 7.25% quoted annual rate. Interest is compounded daily (use 360-day year), and the loan requires equal end-of-period monthly payments. What is the total amount of interest paid on this loan?

2. What are the best ways to evaluate investments. What is the best one and why?

Reference no: EM132018097

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