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Brown Co. bought a new machine and agreed to pay the supplier $2,200 per quarter for 6 quarters and an additional $100,000 at the end

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Brown Co. bought a new machine and agreed to pay the supplier $2,200 per quarter for 6 quarters and an additional $100,000 at the end of the 6th quarter. The supplier charges 12 percent annual interest, or 3% per quarter. Determine the liability that would be recorded by Brown

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