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On October 3 1 , 2 0 2 3 Elmhurst, Inc. signed a 9 - year $ 9 0 0 , 0 0 0 installment
On October Elmhurst, Inc. signed a year $ installment note in conjunction with the purchase of a building for its corporate lieadquarters on Long Island. This note is payable in equal monthly installments of $ which includes interest computed at an annual rate of The first monthly payment is made on November This note is fully amortizing over months. Complete the amortization table for the first two payments by entering the correct dollar amounts in the blank spaces provided. In addition, answer questions a through c below PLEASE ROUND ALL OF YOUR ANSWERS TO THE NEAREST DOLLAR: tablePaymentMonthly,Interest,Repayment,UnpaidDatePayment,Expense,of Principal,BalanceIssuance$
On October Elmhurst, Inc. signed a year $ installment note in conjunction with the purchase of a building for its corporate lieadquarters on Long Island. This note is payable in equal monthly installments of $ which includes interest computed at an annual rate of The first monthly payment is made on November This note is fully amortizing over months.
Complete the amortization table for the first two payments by entering the correct dollar amounts in the blank spaces provided. In addition, answer questions a through c below PLEASE ROUND ALL OF YOUR ANSWERS TO THE NEAREST DOLLAR:
tablePaymentMonthly,Interest,Repayment,UnpaidDatePayment,Expense,of Principal,BalanceIssuance$
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