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Golden Dragon Restaurant obtained a $9,800 loan at 7% compounded annually to replace some kitchen equipment. Prepare a complete amortization schedule if the loan is
Golden Dragon Restaurant obtained a $9,800 loan at 7% 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 number Payment $ Interest portion $ Principal portion $ Principal balance $ 0 -- -- -- 9,800.00 1 2 3 4 5 6
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