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Prepare an amortization table for this installment note

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Question - On January 1, 2021, Eagle Company borrows $20.000 cash by signing a four-year, 7% installment note. The note requires four equal payments of $5,905, consisting of accrued interest and principal on December 31 of each year from 2021 through 2024. Prepare an amortization table for this installment note.

Reference no: EM133159190

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