Valix Finacc vol 1 Problem 17-5

Financial Accounting Volume 1 2008 Valix-Peralta
Chapter 17 Problem 17-5

Fixed rate = 1.00 - .5623 or .4377

2008   (500,000 x .4377)                                                                                     218,850

2009   (500,000 – 218,850 x .4377)                                                                                  123,059

2010   (500,000 - 341,909 x .4377)                                                                                    69,196

2011   (500,000 – 411,105 – 50,000)                                                                                  38,895

                                                                                                                                    450,000