Question: Loan Amortization Schedule Required: a) Construct an full amortization schedule for the scenerio below. Details to include pmt #, payment amount, interest portion and principal

Loan Amortization Schedule
Required:
a) Construct an full amortization schedule for the scenerio below. Details to include pmt #, payment amount, interest portion and principal portion.
b) Determine how much interest was paid over the term of the loan.
Details:
RBC has provided a $75,000 loan to Capilano Construction Inc. that earns interest at a rate of 5% compounded monthly. The loan is to be paid back in equal payments at the end of each month over a four year term.

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