Access an online loan calculator with annual payments, such as the one at mycalculators.com, to...
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Accounting
Access an online loan calculator with annual payments, such as the one at mycalculators.com, to produce an amortization schedule for Welton Corp.s installment note that has original principal of $13,000, interest of 10 percent compounded annually, and a term of 3 years. (a) What is the annual payment? (b) Of this amount, how much represents interest in year 1? (c) How much principal is included in the year 1 payment? (d) How much interest is included in the year 2 payment? (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.)
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