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On January 1, 2018, Jackie Co. received a 10%, two-year note from a customer of which interest is paid every June 30 and December 31.
On January 1, 2018, Jackie Co. received a 10%, two-year note from a customer of which interest is paid every June 30 and December 31. The P 575,000 note had an effective rate of 8%. Based on the computation, the present value of the principal and annuity interest collections are P491,512.41 and P104,359.49, in that order. Required: Preparing an amortization table, compute for the following: 1. Initial amount of the note = 2. Carrying value of the note at the end of 2018. = 3. Interest Income for 2018. = 4. Interest Income for 2019. =
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