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jackjo08
May 1, 2008, 04:58 AM
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