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Apex Corporation issued a $525,000,8%, 10-year mortgage note to purchase a new warehouse. Apex's semiannual mortgage payments are $38,630. Calculate the principal balance after the

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Apex Corporation issued a $525,000,8%, 10-year mortgage note to purchase a new warehouse. Apex's semiannual mortgage payments are $38,630. Calculate the principal balance after the first installment payment for this mortgage. O $486,370 O $504,000 O $521.909 O $507,370

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