On January 1, 2018, Brown Co. borrowed cash from First Bank by issuing a $100,000 face value, four-year term note that had an 8 percent annual interest rate. The note is to be repaid by making annual cash payments of $30,192 that include both interest and principal on December 31 of each year. Brown used the proceeds from the loan to purchase land that generated rental revenues of $52,000 cash per year. Prepare an amortization schedule for the four-year period.

Please see below

Explanation:  Amortization for the four year period is given as

FOR 2018

Principal Balance = $100,000

cash payment for dec 31st= #30,182

Applied to interest== 8% of 100000= 0.08 x100,000=8000

Applied to Principal = cash payment -interest= 30192-8000= $22, 192

Principal balance at end of period=Principal Balance--applied to Principal

= 100,000 - 22,192=$ 77, 808

FOR 2019

Principal Balance = $77,808

cash payment for dec 31st= $30,182

Applied to interest== 8% of 77,808= 0.08 x77,808 =$6225

Applied to Principal = cash payment -interest= 30192-6225= $23,967

Principal balance at end of period=Principal Balance--applied to Principal

= 77,808 - 23,967=$ 53,841

FOR 2020

Principal Balance = $53,841

cash payment for dec 31st= $30,182

Applied to interest== 8% of 53,841= 0.08 x53,841 =$4307

Applied to Principal = cash payment -inbterst= 30192-4307= $25,885

Principal balance at end of period=Principal Balance--applied to Principal

= 53,841- 25,885= $27,956

FOR 2021

Principal Balance = $27,956

cash payment for dec 31st= $30,182

Applied to interest== 8% of 27,956= 0.08 x27,956 =$2236

Applied to Principal = cash payment -interest= 30192-2236= $27,956

Principal balance at end of period=Principal Balance--applied to Principal= 27,956- 27,956=0

the clients (funders) and customers (individual nonprofit staff) are great to work with. that i can be open about being a person of faith when appropriate. the variety of my tasks each day.

if it is for a job, then you should learn everything you can about the job, like what does it involve, what qualification is required and how you are the right person for that job. dress appropriately for the interview. get plenty of rest the night before. good luck!