The LBB Company recently took a mortgage on a property for $100,000. The interest is 12% and the monthly payment is $1,020. Prepare the first four months of the amortization table beginning on 1 January 2014. $$\begin{array} { | l | l | c | c | c | }
\hline \text { Payment } & \text { Payment } & \text { Interest } & \text { Principal } & \text { Balance } \
\hline \text { Number } & & \text { Expense } & \text { Reduction } & \
\hline 1 . & & & & \
\hline 2 . & & & & \
\hline 3 . & & & & \
\hline 4 . & & & & \
\hline
\end{array}$$

Question

The LBB Company recently took a mortgage on a property for $100,000. The interest is 12% and the monthly payment is $1,020. Prepare the first four months of the amortization table beginning on 1 January 2014. $$\begin{array} { | l | l | c | c | c | } 
\hline \text { Payment } & \text { Payment } & \text { Interest } & \text { Principal } & \text { Balance } \
\hline \text { Number } & & \text { Expense } & \text { Reduction } & \
\hline 1 . & & & & \
\hline 2 . & & & & \
\hline 3 . & & & & \
\hline 4 . & & & & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of The LBB Company recently took a mortgage on a property for $100,000. The interest is 12% and the monthly payment is $1,020. Prepare the first four months of the amortization table beginning on 1 January 2014. $$\begin{array} { | l | l | c | c | c | } 
\hline \text { Payment } & \text { Payment } & \text { Interest } & \text { Principal } & \text { Balance } \
\hline \text { Number } & & \text { Expense } & \text { Reduction } & \
\hline 1 . & & & & \
\hline 2 . & & & & \
\hline 3 . & & & & \
\hline 4 . & & & & \
\hline
\end{array}$$

The LBB Company Recently Took a Mortgage on a Property