What is total amount of interest paid over life of loan

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Reference no: EM132017852

a) Construct a loan amortization schedule for a 15 year, 7.75% loan of $10,000,000. The loan requires equal, end-of-year paymens, and interest compounded annually.

b) What is the total amount of interest paid over the life of the loan?

c) Assume that in section a, there is a balloon payment requirement after 10 years, What i the balloon payment in section a?

Reference no: EM132017852

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