Dan Dayle started a business by issuing an $82,000 face value note to First State Bank on January 1, 2018 The note had an 8 percent annual rate of interest and a five year term Payments of $20,537 are to be made each December 31 for five years Required a What portion of the December 31, 2018, payment is applied to interest expense and principal b What is the principal balance on January 1, 2019 c What portion of the December 31, 2019, payment is applied to interest expense and principal (Round your answers to the nearest dollar amount ) a rest expense Principal b Principal balance Interest expense Principal

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Dan Dayle started a business by issuing an $82,000 face value note to First State Bank on January 1, 2018  The note had an 8 percent annual rate of interest and a five year term  Payments of $20,537 are to be made each December 31 for five years  Required a  What portion of the December 31, 2018, payment is applied to interest expense and principal  b  What is the principal balance on January 1, 2019  c  What portion of the December 31, 2019, payment is applied to interest expense and principal  (Round your answers to the nearest dollar amount ) a rest expense Principal b  Principal balance Interest expense Principal

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Dan Dayle started a business by issuing an $82,000 face value note to First State Bank on

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Income Tax Fundamentals 2013

Dan Dayle started a business by issuing an $82,000 face value note to First State Bank on

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Income Tax Fundamentals 2013

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