John Browning was successful in getting a 10 year commercial loan for $12.000.000 for the purchase of
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John Browning was successful in getting a 10 year commercial loan for $12.000.000 for the purchase of the Clearwater Inn. The terms of the loan are quarterly interest of 2% per quarter with payments made at the end of each quarter.
1. Prepare a loan prepayment schedule for 10 years.
2. What would be his balance due at the end of 5 years?
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Related Book For 
Financial Management for Public Health and Not for Profit Organizations
ISBN: 978-0132805667
4th edition
Authors: Steven A. Finkler, Thad Calabrese
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