I am needing assistance with these two problems.

What would the required payment be on a $1,000,000 loan that is to be repaid in three equal installments at the end of each of the next three years if the interest rate is 6 percent? N 3 Change the inputs to see the impact I 6.0% on the payment amount and the PV 1,000,000.00 amortization table. PMT = $374,110 Now, construct an amortization table for the loan described above. Loan amount Payment Interest Principal Balance $1,000,000 $374,110 $60,000 $314,110 $685,890 W N - Z 685,890 374,110 41,153 332,956 352,934 352,934 374,110 21,176 352,934 Totals $1,122,329 $122,329 $1,000,000 End of ModelNAME: PROBLEM SET 2 Chapter 4 -- Time Value Analysis Assigned Problem 1 Epitome Healthcare has just borrowed $1,500,000 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 First, the annual payment is found as follows: Annual payment = (You may also use a financial calculator to find the annual payment.) Then, the amortization schedule can be constructed: Beginning Repayment of Remaining Year amount Payment Interest principal balance 1 W N LA