On December 31,2010,a company purchased a $100,000 building by signing a $100,000,20-year mortgage note.The annual interest rate is 6%,with payments of $8,718 made on December 31 each year.
Required:
1.Complete the last line of the table below.ROUND YOUR ANSWERS TO THE NEAREST DOLLAR.
2.Use the information from the previous table to complete the statements below.
Circle the name of a financial statement where needed using the following code:

AFTER THE FIRST PAYMENT IS MADE ON DECEMBER 31, 2011:

Question

On December 31,2010,a company purchased a $100,000 building by signing a $100,000,20-year mortgage note.The annual interest rate is 6%,with payments of $8,718 made on December 31 each year.
Required:
1.Complete the last line of the table below.ROUND YOUR ANSWERS TO THE NEAREST DOLLAR.
  2.Use the information from the previous table to complete the statements below.
Circle the name of a financial statement where needed using the following code:
 
AFTER THE FIRST PAYMENT IS MADE ON DECEMBER 31, 2011:

Quizplus · Accepted Answer

The Answer of On December 31,2010,a company purchased a $100,000 building by signing a $100,000,20-year mortgage note.The annual interest rate is 6%,with payments of $8,718 made on December 31 each year.
Required:
1.Complete the last line of the table below.ROUND YOUR ANSWERS TO THE NEAREST DOLLAR.
  2.Use the information from the previous table to complete the statements below.
Circle the name of a financial statement where needed using the following code:
 
AFTER THE FIRST PAYMENT IS MADE ON DECEMBER 31, 2011:

On December 31,2010,a Company Purchased a $100,000 Building by Signing