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On January 1 of Year 1, Bryson Company obtained a $22,000, 4-year, 12% installment note from Campbell Bank. The note requires annual payments of $7,243,
On January 1 of Year 1, Bryson Company obtained a $22,000, 4-year, 12% installment note from Campbell Bank. The note requires annual payments of $7,243, beginning on December 31 of Year 1. Question Content Area a. Prepare a table for this installment note, similar to the one presented in Exhibit 4. Enter all amounts as positive numbers. (Note: Due to rounding, the Year 4 Interest expense is provided.) Round the computation of the interest expense to the nearest whole dollar. If an amount box does not require an entry, leave it blank
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