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Business, 19.08.2021 01:00 addisonrausch
The following amortization schedule indicates the interest and principal to be repaid on an installment note established January 1, 2018, for a company with a March 31 year-end. Beginning Note Interest Repaid Principal on Ending Note Year Payable Expense Note Payable Payable 1 10,000 400 2,355 7,645 2 7,645 306 2,449 5,196 3 5,196 208 2,547 2,649 4 2,649 106 2,649 0 Total 1,020 10,000 Required: Assuming the company makes the required annual payments on December 31, use the amortization schedule to determine (a) the amount o
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