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On January 1, 2017, Eagle borrows $32,000 cash by signing a four-year, 9% installment note. The note requires four equal total payments of accrued interest
On January 1, 2017, Eagle borrows $32,000 cash by signing a four-year, 9% 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 B.2,Table B.3, andTable B.4)(Use appropriate factor(s) from the tables provided.)
Prepare an amortization table for this installment note.
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