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help asap Exercise 10-2A (Algo) Amortization schedule for an Instaliment note LO 10-1 On January 1, Year 1, Beatie Company borrowed $220.000 cash from Central
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Exercise 10-2A (Algo) Amortization schedule for an Instaliment note LO 10-1 On January 1, Year 1, Beatie Company borrowed $220.000 cash from Central Bank by issuing o five-year, 7 percent nose. The principal and interest are to be paid by making annuat payments in the amount of $53.656. Poyments are to be made December 3 of each year, beginning Decerober 31, Year 1 Requlred Prepare an amortization schedule for the interest and principal poyments for the five-year period. (Round your answers to the nearest dollar amount) Step by Step Solution
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