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Thanks ASM299 but do you have the calc to get the below interest payments. The book omits this which makes me think if this came up in the exam they will give you the interest payments (if interest only) and also the debt servicing value when getting to ERAT.

Interest Yr 1 = 31,381
Yr 2 = 31,108
Yr 3 = 30,812
Yr 4 = 30,492

Cheers

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