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Required Information [The following information applies to the questions displayed below.] On January 1, 2021, Eagle Company borrows $100,000 cash by signing a four-year, 7%
Required Information [The following information applies to the questions displayed below.] On January 1, 2021, Eagle Company borrows $100,000 cash by signing a four-year, 7% installment note. The note requires four equal payments of $29,523, 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
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