Golden Dragon Restaurant obtained a $10,200 loan at 8 compounded an.pdf

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Golden Dragon Restaurant took out a $10,200 loan at 8% interest compounded annually to replace kitchen equipment. The loan was to be repaid over 3 years in semiannual payments. An amortization schedule was to be prepared showing the payment amount, interest portion, principal portion, and remaining principal balance for each semiannual payment period.

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Golden Dragon Restaurant obtained a $10,200 loan at 8% compounded annually to replace some
kitchen equipment. Prepare a complete amortization schedule if the loan is repaid by semiannual
payments over a three-year term. (Do not round intermediate calculations. Round your answers
to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required.)
Payment #Payment $Interest Portion $Principal Portion $Principal Balance $123456

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