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plz use excel formula wartetly, The fiscal year ends on December 31. The current market rate is 12%. Interest is compounded quarterly. IN Min prepares

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wartetly, The fiscal year ends on December 31. The current market rate is 12%. Interest is compounded quarterly. IN Min prepares quarterly financial statemeres. Paeeare the imartization table for the note and the journal entries for 2015 . When we issue this sotes payahle, we premise to pay: (1) Cash intereit every quarter =Face Volue of the Notes Payable x Qaurterty stated rate (2) Principal of $1,000,000 at the end of the 3rd year

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