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ISBN:9780073379593 Case 27-2: Rock Creek Golf Club Q1: Assume that in order to purchase the carts, RCGC would have to borrow $89,600 at 8% interest

ISBN:9780073379593 Case 27-2: Rock Creek Golf Club

Q1: Assume that in order to purchase the carts, RCGC would have to borrow $89,600 at 8% interest for 5 years, repayable in five equal year-end installments. Prepare an amortization schedule for this loan, showing how much is applied to repay the principal. (Round to the nearest dollar)

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