Question: Prepare amortization schedules that indicate Sanyals effective interest expense for each interest period during the term to maturity. Note: Do not round intermediate calculations. Enter

Prepare amortization schedules that indicate Sanyal’s effective interest expense for each interest period during the term to maturity.
Note: Do not round intermediate calculations. Enter your answers in whole dollars.

Payment Number	Cash Payment	Effective Interest	Increase in Balance	Outstanding Balance

1
2
3
4
5
6
7
8
Totals	$0	$0	$0

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