Question
Golden Dragon Restaurant obtained a $10,200 loan at 8% compounded annually to replace some kitchen equipment. Prepare a complete amortization schedule if the loan is
Golden Dragon Restaurant obtained a $10,200 loan at 8% compounded annually to replace some kitchen equipment. Prepare a complete amortization schedule if the loan is repaid by semiannual payments over a three-year term. (Do not round intermediate calculations. Round your answers to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required.)
| Payment # | Payment $ | Interest Portion $ | Principal Portion $ | Principal Balance $ |
| 1 | ||||
| 2 | ||||
| 3 | ||||
| 4 | ||||
| 5 | ||||
| 6 |
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Financial Literacy For Managers
Authors: Richard A. Lambert
1st Edition
1613630182, 978-1613630181
