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Bonita Company purchased a building on January 2 by signing a long-term $ 696000 mortgage with monthly payments of $ 6700. The mortgage carries an

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Bonita Company purchased a building on January 2 by signing a long-term $ 696000 mortgage with monthly payments of $ 6700. The mortgage carries an interest rate of 10 percent. The amount owed on the mortgage after the first payment will be $ 696000. O $ 689300. $ 690200 $695100

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