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Prepare an Amortization Table for Farida Company

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Reference no: EM132813027

Question - On January 1, 2020, Farida Co borrowed $7581.57 from Nahid National Bank. The loan was a five-year loan and had an interest rate of 10%. The annual payment is $2000.

Required - Prepare an Amortization Table for Farida Company, and record every transaction in journal entry.

Reference no: EM132813027

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