Question: Requlred Information Problem 9-2A (Algo) Prepare amortization schedule and record Instaliment notes (Lo9-2) [The following informabion applies to the questions displayed betow] On January 1,

 Requlred Information Problem 9-2A (Algo) Prepare amortization schedule and record Instaliment

Requlred Information Problem 9-2A (Algo) Prepare amortization schedule and record Instaliment notes (Lo9-2) [The following informabion applies to the questions displayed betow] On January 1, 2024, Rosemont Corporation borrowed $20 million from a focal bank to construct a new building over the next three years. The Ioan will be paid back in three equal installments of $8,042,296 on December 31 of each year. The payments include interest at a rate of 109 . Problem 9-2A (Algo) Part 2 2. Prepare an amortization schedule over the three year life of the installment note. (Round your final answers to the nearest doliar mount.)

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