Epitome Healthcare has just borrowed $1,000,000 on a five-year, annual payment term loan at a 15...

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Epitome Healthcare has just borrowed $1,000,000 on a five-year, annual payment term loan at a 15 percent rate. The first payment is due one year from now. Construct the amortization schedule for this loan. Epitome Healthcare has just borrowed $1,000,000 on a five-year, annual payment term loan at a 15 percent rate. The first payment is due one year from now. Construct the amortization schedule for this loan.

Answer rating: 100% (QA)

Here it the amortization table Year Payment Principle Paid Interest Paid Balance 9122014 100000... View the full answer