Prepare an amortization schedule for the interest

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Reference no: EM131205517

On January 1, 2014, Hatch Co. borrowed $210,000 cash from First Bank by issuing a five-year, 7 percent note. The principal and interest are to be paid by making annual payments in the amount of $51,217. Payments are to be made December 31 of each year, beginning December 31, 2014. Required Prepare an amortization schedule for the interest and principal payments for the four-year period. (Enter all amounts as positive values. Round intermediate calculations and final answers to nearest whole dollar amount.)

Reference no: EM131205517

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