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answer this question in 10 min pls pls On July 1, 2023 Zcom Inc. borrowed $972,000 by signing a five-year installment note bearing interest at
answer this question in 10 min pls pls
On July 1, 2023 Zcom Inc. borrowed $972,000 by signing a five-year installment note bearing interest at 6%. Complete the installment note amortization schedule for this note assuming each payment requires equal total payments. Use the built-in PV functions for these calculations. Enter PV(n;i) in a value box to calculate the present value of $1 over n compounding periods with a periodic rate of i Similarly, uso PVA(ni) lo caiculate the present value of an annuity. E.g., the present value of $1,000 with a periodic rate of 3%, and 2 compounding periods can be entered as 1000PV(2;3). To use the built-in PV functions to calculate the payment, the formula is: Principal balance PVA(n;i), where n= the number of payments and i= the interest rate. For example, if $10.000 is borroned of s.gning a which equals payments of $2,820. Thete requires four equal payments of accrued interest and principal. Each of the four equal payments is calculated by entering the following in the value bex 10000 ipvaris 5Step by Step Solution
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