Question: Exercise 102A (Algo) Amortization schedule for an installment note LO 101 On January 1, Year 1, Beatie Company borrowed $400,000 cash from Central Bank by

 Exercise 102A (Algo) Amortization schedule for an installment note LO 101

Exercise 102A (Algo) Amortization schedule for an installment note LO 101 On January 1, Year 1, Beatie Company borrowed $400,000 cash from Central Bank by issuing a five-year, 5 percent note and interest are to be paid by making annual payments in the amount of $92,390. Payments are to be made December year, beginning December 31 , Year 1 . Required Prepare an amortization schedule for the interest and principal payments for the five-year period. Note: Round your answers to the nearest dollor amount

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