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How to work this out? Exercise 14-10 Installment note with equal total payments LO c1 January 1, 2017, Eagle borrows $100,000 cash by signing a
How to work this out?
Exercise 14-10 Installment note with equal total payments LO c1 January 1, 2017, Eagle borrows $100,000 cash by signing a four-year, 7% installment note. The note requires four equal payments of $29,523, consisting of accrued interest and principal on December 31 of e Table B.3, and Table B4) (Use appropriate factor(s) from the tables provided.) OnJ ach year from 2017 through 2020. Table B1. Table B2. ed Prepare an amortization table for this installment note. (Round all amounts to the nearest whole dollar.) Payments ook Period Beginning Debit Interest Debit NotesCredit Ending Ending Date 2017 2018 2019 2020 Ask Balance Expense Payable Cash Balance Print Rererences TotalStep by Step Solution
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