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Question 4 [10 points) On July 1, 2014 Altarcoins borrowed 5520,000 by signing a four-year installment not bearing interest at 7 Complete the installment note

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Question 4 [10 points) On July 1, 2014 Altarcoins borrowed 5520,000 by signing a four-year installment not bearing interest at 7 Complete the installment note amortization schedule for this not assuming each payment requires gul total payments Use the built-in PV functions for these calculations. Enter Pin.) in a value box to calculate the procent value of 51 over present value of an annuity, the present value of $1.000 with a periodic tate of 3% and 2 compounding periods can be offered as 1000PV2:3) compounding periods with a periodic rate of Simary PVA) to calculate To use the built-in PV functions to calculate the payment, the formula Principal balance . PA, when the ber of payments and the rest rate for our 510.000 borrowed by signing four-year 5% installment not. The not requires four equal payments of scored interest and opal Each of the four equal payments sold by entering the following in the value boxe 1000/PAX which equals payments of $2.820 Equal Pays Period Ending Beginning Balance Percorrest Expense Reduction of Notes Payable lot Notes Payment Edre Balance June 30, 2015 5283 June 30, 2016 4,000,000 June 30, 2017 June 30, 2018 Total

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