Installment Notes} Thornwood Lanes bought a service vehicle for ($ 25,000) by issuing a (6 %) installment

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Installment Notes}

Thornwood Lanes bought a service vehicle for $\$ 25,000$ by issuing a $6 \%$ installment note on December 31, 2018. Thornwood will make 12 monthly payments of $\$ 2,151.66$ at the end of each month.

\section*{Required:}

Prepare the amortization table using the effective interest rate method. (Note: Round to the nearest cent.)

\section*{Exercise

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