Question

Thornwood Lanes bought a service vehicle for $25,000 by issuing a 6 percent installment note on December 31, 2012. Thornwood will make 12 monthly payments of $2,151.66 at the end of each month.

Required:
Prepare the amortization table using the effective interest rate method. (Note: Round to the nearest cent).


$1.99
Sales0
Views16
Comments0
  • CreatedSeptember 22, 2015
  • Files Included
Post your question
5000