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Able Electronics Company issues a $ 1 0 0 0 0 0 0 , 8 % , 2 0 - year mortgage note on January

Able Electronics Company issues a $1000000,8%,20-year mortgage note on January 1. The terms provide for annual installment payments, exclusive of real estate taxes and insurance, of $101852. After the first installment payment, the principal balance isĀ  ?

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