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The assignment is to create two amortization tables for notes receivable. You are to submit an excel spreadsheet. The assignment is as follows: Pick
The assignment is to create two amortization tables for notes receivable. You are to submit an excel spreadsheet. The assignment is as follows: Pick a principle amount greater than $400,000 but less than $1,200,000 in $25,000 increments. Pick an annual stated rate between 5% and 12%, whole numbers only. Pick an annual market rate between 5% and 12%, whole numbers only. Pick an annual term in years of at least 5 years but no more than 12 years. Build an amortization table in the case of a DISCOUNT on the note. o Build an amortization table in the case of a PREMIUM on the note. Show ALL journal entries over the life of the note.
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