80 926320 50000 1007000 3993000 principal

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Unformatted text preview: ization takes place. c. d. Year 1 2 3 4 5 Year 1 2 3 4 5 Payments of Interest and Principal Total Interest Payment of Payment at 8% Principal 10,000 $3,194.40 $6,805.60 10,000 2,649.95 7,350.05 10,000 2,061.95 7,938.05 10,000 1,426.90 8,573.10 10,000 736.80 9,263.20 $50,000 $10,070.00 $39,930.00 Principal Balance $39,930.00 33,124.40 25,774.35 17,836.30 9,263.20 — Expenses to Be Charged to Income Statement Lease Expense Amortization Interest $10,000 $ 7,986.00 $ 3,194.40 10,000 7,986.00 2,649.95 10,000 7,986.00 2,061.95 10,000 7,986.00 1,426.90 10,000 7,986.00 736.80 $50,000 $39,930.00 $10,...
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