Question: Exercise 10-10 Installment note with equal total payments LO C1 On January 1, 2017, Eagle borrows $16,000 cash by signing a four-year, 5% installment note.

Exercise 10-10 Installment note with equal total payments LO C1 On January 1, 2017, Eagle borrows $16,000 cash by signing a four-year, 5% installment note. The note requires four equal payments of $4,512, consisting of accrued interest and principal on December 31 of each year from 2017 through 2020. (Table B.1 Table B.2. Table B.3. and Table B.4) (Use appropriate factor(s) from the tables provided.) k Prepare an amortization table for this installiment note Ending Beginning Debit Interest Debit Notes Cash 2017 2018 2019 2020

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