P10_7_Amortization_Solutions

P10_7_Amortization_Solutions - $100,000 $111,346 $11,346...

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Problem P10-7, Libby text, Amortization schedule: Date [a] [b] Interest Expense [c] [d] Interest to be paid (12% X Beginning of Amortization Book Value (B.V.) (10% X $1,000,000) Period Book Value)(d) [b] - [a] Beg. B.V. + [c] 1/1/2006 $927,880 12/31/2006
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Unformatted text preview: $100,000 $111,346 $11,346 $939,226 12/31/2007 $100,000 $112,707 $12,707 $951,933 12/31/2008 $100,000 $114,232 $14,232 $966,165 12/31/2009 $100,000 $115,940 $15,940 $982,104 12/31/2010 $100,000 $117,853 $17,853 $999,957...
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This homework help was uploaded on 02/19/2009 for the course HA 230 taught by Professor Davidlee during the Fall '06 term at Cornell University (Engineering School).

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