(1) Copy and complete the following amortization table. Be careful to note that there is no payment at = 2. TIME PAYMENT INTEREST PRINCIPAL BALANCE IN IN AFTER PAYMENT PAYMENT PAYMENT (years since loan) 0 - - 1 $8,000 $22,342 3 $1,916.14 $9,908 4 $0
(1) Copy and complete the following amortization table. Be careful to note that there is no payment at = 2. TIME PAYMENT INTEREST PRINCIPAL BALANCE IN IN AFTER PAYMENT PAYMENT PAYMENT (years since loan) 0 - - 1 $8,000 $22,342 3 $1,916.14 $9,908 4 $0
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:(1) Copy and complete the following amortization table. Be careful to note that
there is no payment at = 2.
TIME PAYMENT INTEREST PRINCIPAL BALANCE
IN
IN
AFTER
PAYMENT PAYMENT PAYMENT
(years since
loan)
0
-
-
1
$8,000
$22,342
3
$1,916.14
$9,908
4
$0
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