Amortization table, Financial Accounting

On November 1, 2011, Leetch Ltd. borrows $400,000 cash from a bank by signing a five-year installment note bearing 8% interest. The note needs equal total payments every year on October 31



1.  Compute the total amount of every installment payment.

2.  Complete an amortization table for this installment note.


Posted Date: 3/25/2013 1:40:54 AM | Location : United States

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