Solution-Make amortization table using effective interest

Make amortization table using effective interest method

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Reference no: EM132974206

On January 1, 2020, Double Company issued a 12% note with a principal amount of P1,000,000 payable on December 31, 2024. Interest is payable annually every yearend. Similar notes earn interest at 15%.

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Question 1: Prepare an amortization table using the effective interest method.

Reference no: EM132974206

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Make amortization table using effective interest method

Reference no: EM132974206

Reference no: EM132974206

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