Intermediate Accounting I
Intermediate Accounting I
Dr. Edward Nathan
Handout Problem for Chapter 11 – Due with second exam
Boyette Company borrows $60,000 at 12% for 30 years. Their monthly payment is $617.17 for 360 months (30 years).
1) Assuming the bank uses the effective interest method for amortization prepare a spreadsheet amortization schedule using either Excel or Lotus covering the 30 years (360 months at 1% per month).
2) Assuming the bank uses the Rule of 78’s prepare a spreadsheet amortization schedule using either Excel or Lotus covering the 30 years (360 months at 1% per month).
Hint: We worked some of this problem in class so use the class answers as check figures to make sure your amortization schedules are accurate.
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
Related searches
- vanguard intermediate term tax exempt
- genesee intermediate school district
- vanguard intermediate muni bond fund
- genesee intermediate school district jobs
- intermediate financial management brigham pdf
- fidelity intermediate term bond index
- michigan intermediate school districts map
- vanguard intermediate tax exempt fund
- hertz intermediate car list
- genesee county intermediate school district
- the intermediate stage of cellular respiration
- vanguard intermediate term tax exempt admiral