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Falk Enterprises borrowed $8,500 at 6.25% compounded semiannually to purchase a new forklift. The loan agreement stipulates regular semiannual payments be made over the next
Falk Enterprises borrowed $8,500 at 6.25% compounded semiannually to purchase a new forklift. The loan agreement stipulates regular semiannual payments be made over the next three years. Prepare the full amortization schedule for the loan. Calculate the total interest charges. (Round your intermediate calculations and final answers to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required.) Payment number 0 1 2 3 Payment $ Total: Principal balance $ 8,500.00 Interest portion $ Principal portion $
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