LO 10-1 Exercise 10-2A Amortization schedule for an installment note Page 565 On January 1,...
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LO 10-1 Exercise 10-2A Amortization schedule for an installment note Page 565 On January 1, Year 1, Beatie Co. borrowed $200,000 cash from Central Bank by issuing a five-year, 6 percent note. The principal and interest are to be paid by making annual payments in the amount of $47,479. Payments are to be made December 31 of each year, beginning December 31, Year 1 Required Prepare an amortization schedule for the interest and principal payments for the five-year period
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