Question: On January 1 , 2 0 2 4 , Monster Corporation borrowed $ 2 5 million from a local bank to construct a new highway
On January Monster Corporation borrowed $ million from a local bank to construct a new highway over the next four years. The loan will be paid back in four equal installments of $ on December of each year. The payments include interest at a rate of
Prepare an amortization schedule over the fouryear life of the installment note. Round your final answers to the nearest dollar amount. Enter your answer in dollars, not millions. ie $ million should be entered as
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