Chapter 14, Problem 12E

Installment note amortization table C1
On January 1. 2019, Eagle Company borrows S100₌000 cash by signing a four-year, 7°-'o installment note. The note requires four equal payments of 529,523, consisting of accrued interest and principal on December 31 of each year from 2019 through 2022. Prepare an amortization table for this installment note like the one in Exhibit 14.12.