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A partial amortization schedule for a 1 0 - year note payable issued on January 1 , Year 1 , is shown next: table

A partial amortization schedule for a 10-year note payable issued on January 1, Year 1, is shown next:
\table[[Accounting,\table[[Principal],[Balance]],\table[[Cash],[Payment]],\table[[Applied to],[Interest]],\table[[Applied to],[Principal]]],[Period,January 1,Pancin,,],[Year 1,$330,000,$49,180,$26,400,$22,780
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