Complete the following Amortization Schedule: Cash Interest Amortized Carrying Dates Received Income Amount Amount $ Jan 1, 2024 Jul 1, 2024 Jan 1, 2025 Jul 1, 2025 Jan 1, 2026 Final Receipt Totals $ S S $ S = $ S S S $ S $ $

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
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On 1 January 2024,Nissan Inc. provided services to Eagle Co. in exchange for Eagle’s $300,000, 2-year 8% note with interest compounded semi-annually on July 1 and January 1.  The current market rate of similar notes is 12%.  Pelican Inc. financial year ends December 31.

Set financial calculator to zero decimal place.

Complete the following Amortization Schedule:
Cash
Interest
Amortized
Carrying
Dates
Received
Income
Amount
Amount
$
Jan 1, 2024
Jul 1, 2024
Jan 1, 2025
Jul 1, 2025
Jan 1, 2026
Final Receipt
Totals
$
S
S
$
S
=
$
S
S
S
$
S
$
$
Transcribed Image Text:Complete the following Amortization Schedule: Cash Interest Amortized Carrying Dates Received Income Amount Amount $ Jan 1, 2024 Jul 1, 2024 Jan 1, 2025 Jul 1, 2025 Jan 1, 2026 Final Receipt Totals $ S S $ S = $ S S S $ S $ $
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