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2.On July 31, 2019, a purchase was made for $ 1,250,000 and a document was delivered with an annual interest of 18% and with a
2.On July 31, 2019, a purchase was made for $ 1,250,000 and a document was delivered with an annual interest of 18% and with a maturity of one year. The principal and interest will be paid at maturity. Calculate the following: a ) The amount to be reported in the balance sheet on December 31, 2019 for concept interest payable. b) The date and the total amount to be paid at maturity. c) The amount received if interest is charged in advance and the amount to be paid at expiration
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