Redwood Hospital must replace its energy plant including the heating and air-conditioning systems and backup electrical systems due to a series of breakdowns. The replacement cost is $ 20,000,000, and the local bank will provide a 20-year loan at 4.0 % . Calculate the annual loan payment and create the 20 - year amortization schedule. What are the to Hello, I need this problem solved using an excel grapgh Thanks!

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Your Question:
Redwood Hospital must replace its energy plant
including the heating and air-conditioning
systems and backup electrical systems due to a
series of breakdowns. The replacement cost is $
20,000,000, and the local bank will provide a
20-year loan at 4.0 % . Calculate the annual
loan payment and create the 20 - year
amortization schedule. What are the to Hello, I
need this problem solved using an excel grapgh
Thanks!
Transcribed Image Text:Redwood Hospital must replace its energy plant including the heating and air-conditioning systems and backup electrical systems due to a series of breakdowns. The replacement cost is $ 20,000,000, and the local bank will provide a 20-year loan at 4.0 % . Calculate the annual loan payment and create the 20 - year amortization schedule. What are the to Hello, I need this problem solved using an excel grapgh Thanks!
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