Question: Part 2: Prepare an Installment Loan (Note) Amortization Table based on the following Given information: Small Motors Company obtained a 4-year loan from its bank

Part 2: Prepare an Installment Loan (Note) Amortization Table based on the following Given information: Small Motors Company obtained a 4-year loan from its bank in the amount of $225,000. The loan was dated October 1, 2021 and terms of the loan require Small Motors Company to make monthly payments on the last day of each month beginning October 31, 2021 until the loan is paid in full. The stated annual interest rate for the loan is 4.5%.

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