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On January 1, Year 1, Aspen Inc purchased equipment at a cost of $36,984. The loan was a six-year loan and had an annual interest

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On January 1, Year 1, Aspen Inc purchased equipment at a cost of $36,984. The loan was a six-year loan and had an annual interest rate of 8%. The annual payment is $8,000. REQUIRED: Prepare an amortization schedule for all 6 years (round to the nearest dollar). Reduction Unpaid Date Payment Interest in Unpaid Expense Balance Balance January 1, Year 36,984 Dec 31, Year 1 Dec 31, Year 2 Dec 31, Year 3 Dec 31, Year 4 Dec 31, Year 5 Dec 31, Year 6 Copy and paste the table into Excel (when pasting into Excel select "Paste Special" and "text"). Answer the question, save the file, and upload in back into Canvas

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