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On January Year Brown Co borrowed cash from First Bank by issuing a $ face value, fouryear term note that had an percent annual interest rate. The note is to be repaid by making annual cash payments of $ that include both interest and principal on December of each year. Brown used the proceeds from the loan to purchase land that generated rental revenues of $ cash per year.
Required
a Prepare an amortization schedule for the fouryear period. Round your answers to the nearest whole dollar amount.
tableBROWN COYeartablePrincipal Balanceon January tableCash PaymentsDecember tableApplied toInteresttableApplied toPrincipaltablePrincipal BalanceEnd of PeriodYear Year Year Year
