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Prepare an effective interest amortization table

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Reference no: EM131800389

Desrocher Ltd. issued an installment note on January 1, 2014 (with a required yield of 11%), in exchange for land that it purchased from Safayeni Ltd. Safayeni's real estate agent had listed the land on the market for $102,000. The note calls for three equal blended payments of $41,740 that are to be made at December 31, 2014, 2015, and 2016 Prepare an effective interest amortization table for the installment note for the three-year period.

Reference no: EM131800389

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