Required information

Skip to question

$[$The following information applies to the questions displayed below.$]$

On January $1,2021,$ Eagle Company borrows $$24,000$ cash by signing a four$-$year, $8\%$ installment note. The note requires four equal payments of $$7,246,$ consisting of accrued interest and principal on December $31$ of each year from $2021$ through $2024.$

Prepare an amortization table for this installment note.

Note: Round all amounts to the nearest whole dollar.