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On January 1, 2017, E agle borrows $23,000 cash by signing a four-year, 9% installment note. The note requires four equal payments of 7.099, consisting

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On January 1, 2017, E agle borrows $23,000 cash by signing a four-year, 9% installment note. The note requires four equal payments of 7.099, consisting of accrued interest and principal on December 31 of each year from 2017 t B 3, and Table B.4) (Use appropriate factor(e) from the tables provided.) Prepare an amortization table for this installment note. Period BeginningDebit Interest Debit Notes Payable Ending Balance Credit Ending Cash Balance 2017 2018 2019 2020 Total $ 23,000 S 2,784

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