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(Algo) Installment note amorization table Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] On January
(Algo) Installment note amorization table
Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] On January 1, 2021, Eagle Company borrows $31,000 cash by signing a four-year, 8% installment note. The note requires four equal payments of $9,360, consisting of accrued interest and principal on December 31 of each year from 2021 through 2024. xercise 14-12 (Algo) Installment note amortization table LO C1 repare an amortization table for this installment note. (Round all amounts to the nearest whole dollar.) Step by Step Solution
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