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Answer requirement 1, 2, 3, and 4 Thompson Inc. borrowed ( $ 98,000 ) on October 1,20XX, by signing a note payable to Community Bank.

Answer requirement 1, 2, 3, and 4 Thompson Inc. borrowed $ \$ 98,000 $ on October 1,20XX, by signing a note payable to Community Bank. The interest expense for each month is $ \$ 572 $. The loan agreement requires Thompson Inc. in 1 answer

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