Accounting -Each of the following scenarios is independent. Utilize the appropriate future value or present value table

| January 31, 2017

Question
(d)
Period Beginning
Balance Interest
(Beginning Balance X 1.5%) Amount of Payment Principal Reduction
(payment minus interest) Ending
Balance
1 ############ $ 18,000.00 $ 69,894.88 $ 51,894.88 $ 1,148,105.12
2 1,148,105.12
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