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Chapter 9 Problem 2 On January 1,2024, Saugatuck Company borrowed $30000 for 5 years at...

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Accounting

Chapter 9 Problem 2 On January 1,2024, Saugatuck Company borrowed $30000 for 5 years at 6% interest. The loan requires 60 annual payments of $512.81 due on December 31 each year. Round all calculations to the penny (2n decimal place).
Note Amount:
Interest Rate;
$ 30,000.00
Years to Maturity:
Annual Payments:
5 years
$512.81
Complete the amortization schedule for this loan.
\table[[Date,Payment,Interest,Principal,Carry Value],[Jan 1,2024,,,,30,000.00
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