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Construct an amortization schedule for a

01/05/2021 Client: muhammad11 Deadline: 2 Day

1. Construct an amortization schedule for a $1,000, 10 percent annual rate loan with 3 equal installments.

2. What is the annual interest expense for the borrower, and the annual interest income for the lender, during year 2?

MINI CASE

Assume that you are nearing graduation and that you have applied for a job with a local bank. As part of the bank's evaluation process, you have been asked to take an examination which covers several financial analysis techniques. The first section of the test addresses discounted cash flow
analysis. See how you would do by answering the following questions

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