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Complete the table to record the amount of principal

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Question - On January 1, 2020 Plumbus Inc. is issued a notes payable for $29,200. The note has an interest rate of 10% and will be paid semi-annually over two years. The payment terms are a blended payment of $8,235 which includes interest and principal. Do not enter dollar signs or commas in the input boxes.

Complete the table to record the amount of principal and interest for each payment. Note: Due to rounding, make the reduction of the principal in the last payment equal to the remaining principal balance. This will ensure the ending principal balance is $0.

Reference no: EM133034589

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