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Make me amortization table on excel

Make me amortization table on excel

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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make me ammortize table on excel or dont answer rubbish solutions please.Make me amortization table on excel okay. only that is accepted need full table The bank loan was incurred when the business was started, on May 1, 2020. The bank issued a loan to Lisa in the amount of $100,000, and carries an interest rate of 8 %, to be paid on May 1st of each year. The market rate of interest in effect when the bank loan was issued was 9.5%. The loan is required to be paid in full on May 1, 2023. Lisa did not know how or what to do with it, so she just left this year end adjustment for you to complete for her. Lisa's accountant amortizes this loan using the effective interest method.
Transcribed Image Text:make me ammortize table on excel or dont answer rubbish solutions please.Make me amortization table on excel okay. only that is accepted need full table The bank loan was incurred when the business was started, on May 1, 2020. The bank issued a loan to Lisa in the amount of $100,000, and carries an interest rate of 8 %, to be paid on May 1st of each year. The market rate of interest in effect when the bank loan was issued was 9.5%. The loan is required to be paid in full on May 1, 2023. Lisa did not know how or what to do with it, so she just left this year end adjustment for you to complete for her. Lisa's accountant amortizes this loan using the effective interest method.
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