F.C. Barcelona Inc., who once again did not reach the final game of the Champions League, despite having the “best” play
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F.C. Barcelona Inc., who once again did not reach the final game of the Champions League, despite having the “best” play
F.C. Barcelona Inc., who once again did not reach the final gameof the Champions League, despite having the “best” player in theworld, is in dire need of money to fix their broken soccer system.F.C. Barcelona Inc. decides to borrow $25,000 to alleviate itsfinancial situation. The loan is to be repaid in equal installmentsat the end of each of the next five years, and the interest rate is10 percent. a) Set up an amortization schedule/table for the loan(50 points) b) How large must each annual payment be if the loan isfor $50,000? Assume the interest rate remains 10% and that the loanis paid off over five years. (25 points)