Construct a full amortization schedule for the following scenario. The schedule should include: Payment number,...
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Construct a full amortization schedule for the following scenario. The schedule should include: Payment number, payment amount, Interest Portion, Principal portion, and Principal Balance. Summer Break Inc. obtained a $600,000 loan for a new building valued as $1,100,000. The loan contract requires payments at the end of each quarter including interest compounded at 9% compounded semi-annually. The loan is to be repaid by equal quarterly payments over a ten year term. In addition to the amortization schedule, how much interest was paid over the life of the loan?
need answer in ms excel
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