Question: thats how the question is, there's nothing else missing. Golden Dragon Restaurant obtained a $9,750 loan at 9% compounded annually to replace some kitchen equipment.


thats how the question is, there's nothing else missing.
Golden Dragon Restaurant obtained a $9,750 loan at 9% compounded annually to replace some kitchen equipment. Prepare a complete amortization schedule if payments of $1950 (except for a smaller final payment) are made semiannually. (Do not round the intermediate calculations. Round your answers to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required.) Payment number Payment ($) Interest portion ($) Principal portion ($) Principal balance ($) 9,750 Golden Dragon Restaurant obtained a $9,750 loan at 9% compounded annually to replace some kitchen equipment. Prepare a complete amortization schedule if payments of $1950 (except for a smaller final payment) are made semiannually. (Do not round the intermediate calculations. Round your answers to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required.) Payment number 0 Payment ($) -- Interest portion ($) Principal portion ($) Principal balance ($) 9,750
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
