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. 10B-2. (Similar to problem 10B-1) On June 12 Corporation has borrowed $90,000 at an effecti first payment is not due until June 1, 20x2
. 10B-2. (Similar to problem 10B-1) On June 12 Corporation has borrowed $90,000 at an effecti first payment is not due until June 1, 20x2 at whic pay $21,000. Then, on June 1. 2003 nayment. The remainder of the money owed must be repaid on Im lem 10B-1) On June 1, 20x0 WAKEFIELD effective interest rate of 7%. Their until June 1, 20x2 at which time WAKEFIELD must Then on June 1, 20x3 WAKEFIELD must make a $42.000 Required: Prepare the amortization table for this loan. Template for Problem 10B-2 TA Name: and Lab Section Time: 4pm Monday company borrowed $90,000 at 7% interest 6/112000 Amount Owed Interest Amount Amount Owed Period (Beginning) Expense Paid (End) C/20 $ 90,00 D 62,00 S 96300 204296200 671 2013 Talon 0
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