1. tea & coffee place spent $10,000 to refurbish its current
1. Tea & Coffee Place spent $10,000 to refurbish its current facility. The firm borrowed 60 percent of the refurbishment cost at 8.0% percent interest for 3 years and the loan calls for three equal annual payments. Prepare the amortization schedule for the three year loan. How much total interest is paid in 3 years? 2. RG Builders issued a $1,000 par value bond […]