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On January 1, Year 1. Beatie Co. borrowed $410,000 cash from Central Bank by issuing a five-year, 4 percent note. The principal and interest are

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On January 1, Year 1. Beatie Co. borrowed $410,000 cash from Central Bank by issuing a five-year, 4 percent note. The principal and interest are to be paid by making annual payments in the amount of $92,097 Payments are to be made December 31 of each year, beginning December 31 Year 1 Required Prepare an amortization schedule for the interest and principal payments for the five year period (Round your answers to the nearest dollar amount) BEATIE CO + Amortization Schedule Principal Principal Year Cash Payments Applied to Applied to Principal January 1 Year1 Your 2 Your 3 Yew Balance on December 31 Interest Balance End of Period You

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