On January 1, 2017, Eagle borrows $24,000 cash by signing a four-year, 8% installment note. The note requires four equal payments of $7,246, consisting of accrued interest and principal on December 31 of each year from 2017 through 2020. Table B.1. Table B.2. Table B.3. and Table B.4) (Use appropriate factor(s) from the tables provided.) Prepare an amortization table for this installment note. Payments (B) Debit (C) Debit Notes (D) Credit (E) Ending Interest Period Ending (A) Beginning Payable Date Balance Cash Balance se 2017 2018 2019 2020 Total TABLE B.1 p-1/(1+iy* Present Value of 1 12% 15% 10% 0.9901 0.9804 0.9709 0.9615 0.9524 0.9434 0.9346 0.9259 0.9174 0.9091 0.8929 0.8696 0.9803 0.9612 0.9426 0.9246 0.9070 0.8900 0.8734 0.8573 0.8417 0.8264 0.7972 0.7561 0.9706 0.9423 0.9151 0.8890 0.8638 0.8396 0.8163 0.7938 0.7722 0.7513 0.7118 0.6575 0.9610 0.9238 0.8885 0.8548 0.8227 0.7921 0.7629 0.7350 0.7084 0.6830 0.6355 0.5718 0.9515 0.9057 0.8626 0.8219 0.7835 0.7473 0.7130 0.6806 0.6499 0.6209 0.5674 0.497 0.9420 0.8880 0.83750.7903 0.7462 0.7050 0.6663 0.6302 0.5963 0.5645 0.5066 0.4323 0.9327 0.8706 0.8131 0.7599 0.7107 0.6651 0.6227 0.5835 0.5470 0.5132 0.4523 0.3759 0.9235 0.8535 0.7894 0.7307 0.6768 0.6274 0.5820 0.5403 0.5019 0.4665 0.4039 0.3269 0.9143 0.8368 0.7664 0.7026 0.6446 0.5919 0.5439 0.5002 0.4604 0.4241 0.3606 0.2843 10 0.9053 0.8203 0.7441 0.6756 0.6139 0.5584 0.5083 0.4632 0.4224 0.3855 0.3220 0.2472 0.8963 0.8043 0.7224 0.6496 0.5847 0.5268 0.4751 0.4289 0.3875 0.3505 0.2875 0.2149 12 0.8874 0.7885 0.7014 0.6246 0.5568 0.4970 0.4440 0.3971 0.3555 0.3186 0.2567 0.1869 0.8787 0.7730 0.6810 0.6006 0.5303 0.4688 0.4150 0.3677 0.3262 0.2897 0.2292 0.1625 13 0.8700 0.7579 0.6611 0.5775 0.5051 0,4423 0.3878 0.3405 0.2992 0.2633 0.2046 0.141 0.8613 0.7430 0.6419 0.5553 0.4810 0,4173 0.3624 0.3152 0.2745 0.2394 0.1827 0.1229 15 0.8528 0.7284 0.6232 0.5339 0.4581 0.3936 0.3387 0.2919 0.2519 0.2176 0.1631 0.1069 16 17 0.8444 0.7142 0.6050 0.5134 0.4363 0.3714 0.3166 0.2703 0.2311 0.1978 0.1456 0.0929 18 0.8360 0.7002 0.5874 0.4936 0.4155 0.3503 0.295 9 0.2502 0.2120 0.1799 0.1300 0.0808 19 0.8277 0.6864 0.5703 0.4746 0.3957 0.3305 0.2765 0.2317 0.1945 0.1635 0.1161 0.0703 20 0.8195 0.6730 0.5537 0.4564 0.3769 0.3118 0.2584 0.2145 0.1784 0.1486 0.1037 0.0611 25 0.7798 0.6095 0.4776 0.375 0.2953 0.2330 0.1842 0.1460 0.1160 0.0923 0.0588 0.0304 30 0.7419 0.5521 0.4120 0.3083 0.2314 0.1741 0.1314 0.0994 0.0754 0.0573 0.0334 0.0151 35 0.7059 0.5000 0.3554 0.2534 0.1813 0.1301 0.0937 0.0676 0.0490 0.0356 0.0189 0.0075 0.6717 0.4529 0.3066 0.2083 0.1420 0.0972 0.0668 0.0460 0.0318 0.0221 0.0107 0.0037 Used to compule the present value of a known future amounL For example: How much would you need to invest today at 10% compounded se from today? Using the factors of 12 and 1-5% (12 serm annual periods and a semiannual rato of 5%), the factor is 0.5568. You would need to invest S2,784 today ($500 0,5568). to accumulate $5000 in 6 years TABLE B.2 Future Value of 1 5% 6% 7% 9% 15% Perlods 2% 3% 8% 10% 12% 1.0000 1.0000 1.0000 1.0000 1.0000 1.0100 1.0200 1.0300 1.0400 1.0500 .0600 .0700 0800 1.0900 1.0201 .0404 1.0609 1.0816 1.1025 11236 .1449 .1664 1.1881 1.0303 1.0612 1.0927 1.1249 1.1576 1.1910 1.2250 2597 1.2950 1.0406 .0824 1.1255 11699 1.2155 1.2625 .3108 3605 1.4116 1.0510 1.1041 1.1593 1.2167 1.27631.3382 .4026 1.4693 1.5386 1.0615 1.1262 1.1941 1.2653 3401 1.4185 1.5007 1.5869 1.6771 1.0721 1.1487 1.2299 1.3159 1.4071 1.5036 1.6058 1.7138 1.8280 1.9487 2.2107 1.0829 1.1717 1.2668 1.3686 1.4775 1.5938 1.7182 18509 1.9926 2.1436 2.4760 1.0937 1.1951 1.3048 1.4233 1.5513 16895 1.8385 1.9990 2.1719 2.3579 2.7731 1.1046 1.2190 1.3439 1.4802 1.6289 1.7908 1.9672 2.1589 2.3674 2.5937 3.1058 1.1157 1.2434 1.3842 1.5395 1.7103 1.8983 2.1049 2.3316 2.5804 2.8531 3.4785 4.6524 1.1268 1.2682 1.4258 1.6010 1.7959 2.0122 2.2522 2.5182 2.8127 3.1384 3.8960 1.1381 1.2936 1.4685 16651 1.8856 2.1329 2.4098 2.7196 3.0658 3.4523 4.3635 14 1.1495 1.3195 1.5126 1.7317 1.9799 2.2609 2.5785 2.9372 3.3417 3.7975 4.8871 1.1610 1.3459 1.5580 1.8009 2.0789 2.3966 2.7590 3.1722 3.6425 4.1772 5.4736 16 1.1726 13728 1.6047 1.8730 2.1829 2.5404 2.9522 3.4259 3.9703 4.5950 6.1304 17 1.1843 1.4002 1.6528 1.9479 2.2920 2.6928 3.1588 3.7000 4.3276 5.0545 6.8660 1.1961 1.4282 1.7024 2.0258 2.4066 2.8543 3.3799 3.9960 4.7171 1.2081 1.4568 1.7535 2.1068 2.5270 3.0256 3.6165 4.3157 5.1417 6.1159 8.6128 1.2202 1.4859 1.8061 2.1911 2.6533 3.2071 3.8697 4.6610 5.6044 6.7275 9.6463 1.2824 1.6406 2.0938 2.6658 3.3864 4.2919 5.4274 6.8485 8.6231 10.83477.0001 1.3478 1.8114 2.4273 3.2434 4.3219 5.7435 7.6123 10.0627 13.2677 17.449429.9599 66.2118 1.4166 1.9999 2.8139 3.9461 5.5160 7.6861 10.6766 14.7853 20.4140 28.102452.7996 133.1755 1.4889 2.2080 3.2620 4.8010 7.0400 0.2857 14.9745 21.7245 31.4094 45.2593 93.0510 267.8635 Used to compute the future value o a known present amount. For example: What is the accumulated value of53 00 m este toda a 8% compounded quar en r5 ears the factors of n 20 and i = 2% (20 quarterly periods and a quarterly interest rate of 2%), the factor is 1.4859. The accumulated value is S4.457.70 ($3,000 1.4859). Us ng TABLE B.3 Present Value of an Annuity of 1 Rate 10% 12% 15% 5% 0.9901 0.9804 0.9709 0.9615 0.9524 0.9434 0.93460.9259 0.9174 0.9091 0.8929 0.8696 2 1.9704 1.9416 1.9135 1.8861 1.8594 1.8334 1.8080 17833 .7591 .7355 1.6901 1.6257 2.9410 2.8839 2.8286 2.7752.7232 2.6730 2.6243 2.5771 2.5313 2.4869 2.4018 2.2832 3.9020 3.8077 3.7171 3.6299 3.5460 3.4651 3.3872 3.3121 3.2397 3.1699 3.0373 2.8550 4.8534 4.7135 4.5797 4.4518 4.3295 4.2124 4.1002 3.9927 3.8897 3.7908 3.6048 3.3522 2 5.7955 5.6014 5.4172 5.2421 5.0757 4.91 73 4.7665 4.6229 4.4859 4.3553 4.1114 3.7845 6.7282 6.4720 6.2303 6.0021 5.7864 5.5824 5.3893 5.2064 5.0330 4.8684 4.5638 4.1604 7.6517 7.3255 7.0197 6.73276.4632 6.2098 8 5.9713 5.7466 5.5348 5.3349 4.9676 4.4873 8.5660 8.1622 7.7861 7.4353 7.1078 6.8017 6.5152 6.2469 5.9952 5.7590 5.3282 4.7716 10 9.4713 8.9826 8.5302 8.1109 7.7217 7.3601 7.02 6.7101 6.4177 6.1446 5.6502 5.0188 10.3676 9.7868 9.2526 8.7605 8.3064 7.8869 7.4987 7.1390 6.8052 6.4951 5.9377 5.2337 7 7.5361 7.1607 6.8137 6.1944 5.4206 12 11.2551 10.5753 9.9540 9.3851 8.8633 8.3838 7.942 8 12 1337 7 9035 5 5831 10 635O 9 9856 9 3936 3577 7.4869 7.1034 TABLE B.4 Future Value of an Annuity of 1 Perlods 1% 2% 3% 6% 7% 8% 12% 15% 2.0100 2.0200 2.0300 2.0400 2.0500 2.0600 2.0700 2.0800 2.0900 2.1000 2.1200 3.0301 3.0604 3.0909 3.1216 3.1525 3.1836 3.2149 3.2464 3.2781 3.3100 3.3744 4.0604 4.1216 4.1836 4.2465 4.3101 4.3746 4.4399 4.5061 1 6.1520 6.3081 6.4684 6.6330 6.8019 6.9753 7.1533 7.3359 7.5233 7.7156 8.1152 7.2135 7.4343 7.6625 7.8983 8.1420 8.3938 8.6540 8.2857 8.5830 8.8923 9.2142 9.5491 9.8975 10.2598 10.6366 11.0285 11.4359 12.2997 13.7268 0 9.3685 9.7546 10.1591 10.5828 11.0266 11.4913 11.9780 12.4876 13.0210 13.5795 14.7757 10 10.4622 10.9497 11.4639 12.0061 12.5779 13.1808 13.8164 14.4866 15.1929 15.9374 7.5487 20.3037 11.5668 12.1687 12.8078 13.4864 14.2068 14.9716 5.7836 16.6455 7.5603 18.5312 20.6546 12 12.6825 13.4121 14.1920 15.0258 15.9171 16.8699 17.8885 18.9771 20.1407 21.3843 24.1331 29.0017 13 13.809314.6803 15.6178 16.6268 7.7130 18.8821 20.1406 21.4953 22.9534 24.5227 28.0291 14 14.9474 15.9739 17.0863 18.2919 19.5986 21.0151 22.5505 24.2149 26.0192 27.9750 32.3926 40.5047 16.0969 17.2934 18.5989 20.0236 21.5786 23.2760 25.1290 27.1521 29.3609 31.7725 37.2797 16 17.2579 18.6393 20.1569 21.8245 23.6575 25.6725 27.8881 30.3243 33.0034 35.9497 42.7533 55.7175 17 18.4304 20.0121 21.7616 23.6975 25.8404 28.2129 30.8402 33.7502 36.973740.5447 48.8837 18 19.6147 21.4123 23.4144 25.6454 28.1324 30.9057 33.9990 37.4502 41.3013 45.5992 55.7497 75.8364 19 20.8109 22.8406 25.1169 27.6712 30.5390 33.7600 37.3790 41.4463 46.0185 51.1591 63.4397 2 20 22.0190 24.2974 26.8704 29.7781 33.0660 36.7856 40.9955 45.7620 51.1601 57.2750 72.0524 102.4436 28.2432 32.0303 36.4593 41.6459 47.7271 54.8645 63.2490 73.1059 84.7009 98.3471 133.3339 212.7930 30 34.7849 40.5681 47.5754 56.0849 66.4388 79.0582 94.4608 113.2832 136.3075 164.4940 241.3327 434.7451 2 41.6603 49.9945 60.4621 73.6522 90.3203 111.4348 138.2369 172.3168 215.7108 271.0244 431.6635 881.1702 40 48.8864 60.4020 75.4013 95.0255 120.7998 154.7620 199.6351 259.0565 337.8824 442.5926 767.0914 1.779.0903 Used to calculate the future value of a series of equal payments made at the end of each period. For example: What is the future value of S4,000 per ye ar for 6 years assuming an annual interest rate of 8%. For (n= 68%), the FV factor is 7.3359. $4,000 per year for 6 years accumulates to $29.343.60 ($4,000 x 7.3359)