on January 1st 2014 hatch company borrowed $250,000 cash from First Bank by issuing a five-year 7% note the principal and interest are to be paid by making annual payments and the amount of $60,973 payments are to be made December 31st of each year beginning December 31st 2014. prepare an amortization schedule for the interest and principal payments for the four year period.

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on January 1st 2014 hatch company borrowed $250,000 cash from First Bank by issuing a five-year 7% note the principal and interest are to be paid by making annual payments and the amount of $60,973 payments are to be made December 31st of each year beginning December 31st 2014. prepare an amortization schedule for the interest and principal payments for the four year period.

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