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Question 4 [10 points) On July 1, 2014 Alarco no borrowed 5528,000 by signing a four-yearlment not bearing interest Complete the installment note mortation schedule

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Question 4 [10 points) On July 1, 2014 Alarco no borrowed 5528,000 by signing a four-yearlment not bearing interest Complete the installment note mortation schedule for this not assuming each payment is all payments Use the built-in PV functions for these calculations. Enter Pin.) na vave box to calculate the present value of 1 over compounding periods win a periode rate of similarly, le PVAn) to calculate the present value of an annut L9 the present value of $1.000 with a periodic rate of 3% and 2 compounding periods can be entered as 1000PV12:31 To use the built-in PV functions to calculate the payment, the formal Princible PA, where she mber of payments and the interest rar. For example, 510.000 stonowed by ringa four-year, 5% instalment noto. The not required four equal payments of accrued interest and principal. Each of the four al payments in calculated by hering the following in the value boxe 10000/ which equal payments of $2.520 El Payment to Paris Endro Bonning Balance Port Expense Reduction to Payable To Ni Pamere da Barca June 30, 2015 June 30, 2016 June 30, 2017 June 30, 2018 Total

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