Question: Prepare an Installment Loan (Note) Amortization Table based on the following Given information: Belvida Company obtained a 4-year loan from its bank in the amount

Prepare an Installment Loan (Note) Amortization Table based on the following Given information:

Belvida Company obtained a 4-year loan from its bank in the amount of $400,000. The loan was dated March 1, 2021 and terms of the loan require Belvida Company to make monthly payments on the last day of each month beginning March 31, 2021 until the loan is paid in full. The stated annual interest rate for the loan is 4.5%.

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