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Your company has $100,000 loan for 5 years at a 7% annual interest rate, payable...

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Accounting

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Your company has $100,000 loan for 5 years at a 7% annual interest rate, payable in monthly installments. Complete the following amortization table: Amortization Table Beginning Balance Payment Interest Portion of Payment Principal Portion of Payment Ending Balance 1,980.12 1,980.12 1,980.12 Presuming that the company takes the loan out on 1/1/21 and the first payment on the loan is due on 2/1/21, what would the short term debt be for this loan on 12/31/21

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