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Carla Vista Ltd. issued an instalment note on January 1, 2023 (with a required yield of 12%) in exchange for land that it purchased
Carla Vista Ltd. issued an instalment note on January 1, 2023 (with a required yield of 12%) in exchange for land that it purchased from Safayeni Ltd. Safayeni's real estate agent had listed the land on the market for $113,200. The note calls for three equal blended payments of $42,967 that are to be made at December 31, 2023, 2024, and 2025. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. (b2) Prepare an effective interest amortization table for the instalment note for the three-year period. (Round answers to O decimal places, e.g. 5,275. Do not leave any answer field blank. Enter O for amounts.) Year Note Payment 1/1/23 12/31/23 $ 12/31/24 $ Effective Interest Amortization Table Effective Interest Method Interest $ Reduction of Principal Car Am $
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