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Killion Company needs to purchase new equipment, but does not have enough cash to purchase it outright. Therefore, on 1 / 1 / 2 1
Killion Company needs to purchase new equipment, but does not have enough cash to purchase it outright. Therefore, on Killion finances the purchase of the equipment by borrowing $ on a year, installment loan. The loan specifies that Killion needs to make payments of $ once a year for the next four years. Each installment payment goes towards both accrued interest and the principal on the loan. Each installment payment is made on December
Prepare an amortization table for this installment note.
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