Complete the amortization schedule below. Use effective interest amortization and show the first 4 payments. The 1/1/2001 row should include only an…

Complete the amortization schedule below. Use effective interest amortization and show the first 4 payments. The 1/1/2001 row should include only an entry in the balance column. What is interest expense for 2002 using straight-line amortization?

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