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On January 1, 2017, Eagle borrows $21,000 cash by signing a four-year, 5% installment note. The note requires four equal total payments of accrued interest
On January 1, 2017, Eagle borrows $21,000 cash by signing a four-year, 5% installment note. The note requires four equal total payments of accrued interest and principal on December 31 of each year from 2017 through 2020 Table B.1 Table B2 Table B.3, and Table B.4) (Use appropriate factor(s) from the tables provided.) Prepare an amortization table for this installment note. Payments (E Period Ending Date 2015 2016 2017 2018 Total Beginning Debit Interest Debit Notes Credit Ending Balance Expense Payable Cash Balance 21,000 Prev 1 of 1 Next
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