amortization schedule

On January 1, Year 1 Beatle Co. borrowed $290,000 cash from Central Bank by issuing a five-year, 6 percent note. The principal and interest are to be paid by making annual payments in the amount of $68,845. Payments are to be made December 31 of each year, beginning December 31, Year 1 Required Prepare an amortization schedule for the interest and principal payments for the five-year period (Round your answers to the nearest dollar amount.) BEATIE CO. Amortization Schedule $200,000, 5.Yr. Torm Note, 6% Interest Rate Cash Pay Applied to Applied to Dec. 31 Interest Principal Prin. Bol on Jan. 1 Prin Bal. End of Period Year Year 1 Year 2 Year Year 4 Year 5