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Please help Natalie and Curtis have been experiencing great dernand for their cookies and muffins. As a result, they are now thinking about buying a
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Natalie and Curtis have been experiencing great dernand for their cookies and muffins. As a result, they are now thinking about buying a commercial oven. They know which oven they want and that it will cost $22,100. The company already has $6.500 set aside for the purchase and will need to borrow the rest. Natalie and Curtis met with a bank manager to discuss their options. She is willing to lend Cookie & Coffee Creations inc, $15,600 on November 1, 2023, for a period of 3 years at a 5% interest rate. The terms provide for fixed principal payments of $2.600, on May 1 and November 1 of each year plus 6 months of interest. (a) Prepare a payment schedule for the life of the notc. (Mf answer is 0 , please enter 0. Do not leave any fields blank) Step by Step Solution
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