Notes payable

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May 1, 2008, 03:58 AM

jackjo08

New Member

Join Date: May 2008

Posts: 1

Notes payable

Hi all,

Would appreciate some help on the following question:

McGregor Ltd issues a $500,000, 12%, 15 year note payable. The terms provided for semi-annual instalment payments of $36,324 on 30 June and 31 Dec.

a - Prepare a payment schedule for the first 4 installments

Many thanks
Jack

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