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On January 1, 2021, Eagle Company borrows $18,000 cash by signing a four-year, 9% installment note. The note requires four equal payments of $5,556, consisting

On January 1, 2021, Eagle Company borrows $18,000 cash by signing a four-year, 9% installment note. The note requires four equal payments of $5,556, consisting of accrued interest and principal on December 31 of each year from 2021 through 2024.

Prepare an amortization table for this installment note.

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