Question: Prepare an amortization table in excel based on the following: 1-A $1,000,000 investment is made using $300,000 of your savings and by taking out a
Prepare an amortization table in excel based on the following:
1-A $1,000,000 investment is made using $300,000 of your savings and by taking out a loan for $700,000. The loan is for 30 years and payment is made on a monthly basis with an interest rate of 2.5%. Please show a fully amortized loan.
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