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Answer using a Financial Calculator and Show inputs: We have an outstanding car loan to pay for the CEO's new BMW. Monthly payments are $1,500,
Answer using a Financial Calculator and Show inputs: We have an outstanding car loan to pay for the CEO's new BMW. Monthly payments are $1,500, and the loan will be paid off in three years from the balance sheet date. The interest rate is 6%. On the Statement of Financial Position, how much of this loan would be shown as the current portion of long term debt and how much as long term debt, respectively?
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