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please help solve Required information [The following information applies to the questions displayed below.] On January 1, 2024, Evanston Corporation borrowed $22 million from a
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Required information [The following information applies to the questions displayed below.] On January 1, 2024, Evanston Corporation borrowed $22 million from a local bank to construct a new building over the next three years. The loan will be paid back in three equal installments of $8,230,416 on December 31 of each year. The payments include interest at a rate of 6%. 2. Prepare an amortization schedule over the three-year life of the installment note. (Round your final answers to the nearest dollar amount.) Step by Step Solution
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