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Business, 23.01.2020 22:31 hinacat87

Natalie and curtis have been experiencing great demand for their cookies and muffins. as a result, they are now thinking about buying a commercial oven. they know which oven they want and that it will cost $17,000. the company already has $5,000 set aside for the purchase and will need to borrow the rest.

natalie and curtis met with a bank manager to discuss their options. she is willing to lend cookie & coffee creations inc. $12,000 on november 1, 2020, for a period of 3 years at a 5% interest rate. the terms provide for fixed principal payments of $2,000, on may 1 and november 1 of each year plus 6 months of interest.

prepare a payment schedule for the life of the note

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