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What amounts, if any will appear on the balance sheet at the end of year 2? I amounts of appear, where do they appear? Loan
What amounts, if any will appear on the balance sheet at the end of year 2? I amounts of appear, where do they appear?
Loan Amount = $1,000,000 Loan Term = 5 Years Interest Rate = 10% Annual Payment = $263,797 Year Balance Payment Interest Principal Balance 1,000,000 263, 797) 100,000 163, 797 836, 203 836, 203 263, 797 83,620 180,176 656,026 656,026 263, 797 65,602 198,194 457,831 457,831 263,797 45, 783 218,013 239,818 239,818 263, 797 23,981 239,815 What amounts, if any, will appear on the balance sheet at the end of year 2? If amounts appear, where do they appear? 0
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