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10 minutes please On October 1, 2014 Northstar Corp borrowed $780.000 by signing a four-year installment note bearing interest at 9% Complete the installment note

10 minutes please
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On October 1, 2014 Northstar Corp borrowed $780.000 by signing a four-year installment note bearing interest at 9% Complete the installment note amortization schedule for this note assuming each payment requres equal total payments Use the buil-in PV functions for these calculations Enter PVin:0 in a value box to calculate the present value of St over n compounding periods with a periodic rate of Simtarly, uso PVA(n) to calculato the present value of an annuty. Eg the present value of $1.000 win a periodic rate of 3%, and 2 compounding periods can be entered as 1000+PV(23) To use the built-in PV fonctions to calculate the payment, the formas Principal balance - PVA(CU), where the number of payments and in the interest rate. For example, 1810.000 is borrowed by signing a four-year, 5% installment role. The note requires four equal payments of accrued interest and principal. Each of the four equal payments in calculated by entering the following in the value box 10000 / PVA(4,5), which equals payments of $2.820 E Toa Payments Table Pened Ending Beginning Balance Periodic interest Expense Reduction of Notes Payable Total Notes Payment Enging Balance September 30, 2015 September 30, 2016 September 30, 2017 September 30, 2018 Total

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