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Posted on Sep 04, 2024

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

Able Electronics Company issues a $

1, 000, 000, 8 %, 20 -

year mortgage note on January

1 .

The terms provide for annual installment payments, exclusive of real estate taxes and insurance, of $

101, 852 .

After the first installment payment, the principal balance is

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