On January 1 of Year 1, a company borrows

$400

cash by signing a three-year,

9%

installment note. The note requires three equal payments of

$158

, consisting of interest and principal on December 31 of Year 1, Year 2, and Year 3. The following dashboard shows the note's three payments separated into its principal and interest portions.\ Prepare an amortization table for this installment note.

On January 1 of Year 1, a company borrows $400 cash by signing a three-year, 9% installment note. The note requires three equal payments of $158, consisting of interest and principal on December 31 of Year 1, Year 2, and Year 3. The following dashboard shows the note's three payments separated into its principal and interest portions. Drincinal nnrtinn Interest nortion Prepare an amortization table for this installment