Question: Question 3. Consider a 6-year loan amortization with two-year grace period (where you do not need to pay any Installment, Interest and Principal payment to
Question 3. Consider a 6-year loan amortization with two-year grace period (where you do not need to pay any Installment, Interest and Principal payment to the bank in Year 1 and Year 2, however interest will be accrued on your principal). You borrow 100.000 TL initially (Year 0), and repay it in 6 equal annual year-end payments from Year 2 thru 8. If the interest rate is 15 percent, fill in the following table. (15 points)
| YEAR | Total Debt at the Beginning of each Period | Installment Amount | Interest | Principal Amortization | Remaining Debt |
| 0 |
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| 1 |
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| 2 |
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| 3 |
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| 4 |
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| 5 |
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| 6 |
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| 7 |
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| 8 |
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