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Brief Exercise 10-12 Hanschu Inc. issues a $800,000, 10%, 10-year mortgage note on December 31, 2015, to obtain financing for a new building. The terms

Brief Exercise 10-12 Hanschu Inc. issues a $800,000, 10%, 10-year mortgage note on December 31, 2015, to obtain financing for a new building. The terms provide for semiannual installment payments of $64,194.

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