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4. On December 31,2015 , Galaxy Ltd purchased two new trucks for $260,000. Galaxy paid $60,000 down and signed a $200,000,5-year, 10% note for the

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4. On December 31,2015 , Galaxy Ltd purchased two new trucks for $260,000. Galaxy paid $60,000 down and signed a $200,000,5-year, 10% note for the balance. The note is to be paid off in five annual payments beginning December 31,2016 . Assume the installments are to consist of equal Total amounts of payment and interest. Prepare an amortization table using the format below. +

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