Question: Please read all instructions this answer is done by others too but with minute errors. A B D E 1 Loan Amortization Schedule 2 3

Please read all instructions this answer is done by others too

Please read all instructions this answer is done by others too but with minute errors.

A B D E 1 Loan Amortization Schedule 2 3 Required: 4 a) Construct an full amortization schedule for the scenerio below. Details to include pmt #, payment 5 amount, interest portion and principal portion. 6 7 b) Determine how much interest was paid over the term of the loan. 8 9 Details: 10 RBC has provided a $75,000 loan to Capilano Construction Inc. that earns interest at a rate of 5% 11 compounded monthly. The loan is to be paid back in equal payments at the end of each month 12 over a four year term. 13 14 1/Y 15 P/Y 16 C/Y 17 N 18 PV 19 FV 20 PMT 21 22 Pmt # Payment Interest Portion Principal Portion Principal Balance 23

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