Question
Assume on December 1, 2017, a company borrows funds to purchase equipment. The company will make the following principal payments: 2018, $5,900 2019, $3,610 2020,
Assume on December 1, 2017, a company borrows funds to purchase equipment. The company will make the following principal payments:
2018, $5,900
2019, $3,610
2020, $2,050
2021, $1,020
On December 31, 2018, the total long term liabilities will be $______
Please show me how to work this problem
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
