Question
The Data worksheet contains a list of installment notes. Each row provides information about one note for one subsidiary, including principal amount, interest rate,
The Data worksheet contains a list of installment notes. \ Each row provides information about one note for one subsidiary, including principal amount, interest rate, and term in years.\ Required:\ Open spreadsheet\ Complete five columns on the Data worksheet: Payment amount, Interest amount year 1, Carrying amount end year 1, Interest amount year 2, and Carrying amount end year 2. (Round your answers to the nearest whole dollar amount.)\ R1. Cell G2: Use a PMT function and the data in row 2 to determine the amount of the annual payment on the installment note.
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