What does the amortization schedule looks like
A company issue a $1,000,000, 4 year non-interest bearing note that has a prevailing interest rate for the obligations of 11.5%. The company will pay of the note in four $250,000 installments. what does the amortization schedule looks like?
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Calculate the amount of each equal quarterly deposit that Tony must make in order to have $506,354 in his account in five years. Do not use decimals in your answer.
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