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Please help me with my homework. Thanks! Create an amortization schedule using the format I put in the image below—a minimum of 12 periods. Note: I attached an example of the amortization schedule below. Please create one with the same format. Thanks!

Please help me with my homework. Thanks! Create an amortization schedule using the format I put in the image below—a minimum of 12 periods. Note: I attached an example of the amortization schedule below. Please create one with the same format. Thanks!

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please help me with my homework. Thanks!

Create an amortization schedule using the format I put in the image below—a minimum of 12 periods.

Note: I attached an example of the amortization schedule below. Please create one with the same format. Thanks!

Period 1 2 3 4 5 6 TOTALS Amortization Schedule Outstanding principal (OP) P 5000 4,283.19 3523.37 2717.96 1,864.23 959.27 Interest due at end of period (OP xi) P 300 256.99 211.40 163.08 111.85 57.55 P 1,100.87 Payment (A) P 1,016.81 1,016.81 1,016.81 1,016.81 1,016.81 1,016.81 P 6,100.86 Principal repaid at end of period (A-I) P 716.81 759.82 805.41 853.73 904.96 959.27 P 5,000.00
Transcribed Image Text:Period 1 2 3 4 5 6 TOTALS Amortization Schedule Outstanding principal (OP) P 5000 4,283.19 3523.37 2717.96 1,864.23 959.27 Interest due at end of period (OP xi) P 300 256.99 211.40 163.08 111.85 57.55 P 1,100.87 Payment (A) P 1,016.81 1,016.81 1,016.81 1,016.81 1,016.81 1,016.81 P 6,100.86 Principal repaid at end of period (A-I) P 716.81 759.82 805.41 853.73 904.96 959.27 P 5,000.00
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