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Calculate an interest table

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Question - At the ending of 2019 (right after incorporation and preparedness for launch of operations) TaTaR Company took a "zero-interest" bearing loan of $200,000. The loan will be repaid in 4 equal installments of $50,000 at the end of each year, with the first installment due in 2020. TaTaR's incremental borrowing rate is 10%.

Calculate an interest table for how to figure out the interest for the following 4 years and how much the note is worth each year.

Reference no: EM133153247

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