Question
Golden Dragon Restaurant obtained a $9300 loan at 9% compounded annually to replace some kitchen equipment. Prepare a complete amortization schedule if payments of
Golden Dragon Restaurant obtained a $9300 loan at 9% compounded annually to replace some kitchen equipment. Prepare a complete amortization schedule if payments of $1830 (except for a smaller final payment) are made semiannually. (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 Principal balance $9300.00 Interest portion Principal portion 1 2 3 4 5 %24 %24
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Mathematical Applications for the Management Life and Social Sciences
Authors: Ronald J. Harshbarger, James J. Reynolds
11th edition
9781337032247, 9781305465183, 1305108043, 1337032247, 1305465180, 978-1305108042
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