Question: ACT202L-A: Fall 2023 -- Final Exam: Prepare Installment Loan Table: Version A: GIVEN: On January 1, 2023, the National Company signed a $200,000,5.0% installment note,

ACT202L-A: Fall 2023 -- Final Exam: Prepare Installment Loan Table: Version

ACT202L-A: Fall 2023 -- Final Exam: Prepare Installment Loan Table: Version A: GIVEN: On January 1, 2023, the National Company signed a $200,000,5.0% installment note, to be repaid over 20 years once monthly with the first payment on December 31, 2023, and then at the end of every following year thereafter until the loan is paid in full. REQUIRED: 1) List the Given information and determine the annual cash payment. 2) Prepare the Loan Amortization Table. Prepare the Loan Amortization Table on either this worksheet or use an additional worksheet in this Excel file and label the tab appropriately

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