Burlingame Co. is purchasing a new forklift to be used in its warehousing operations. Burlingame borrowed $120,000 from its bank in return for an installment note with 8% interest. Burlingame will make 6 equal annual payments of $25,958. Which of the following is correct regarding this note? Multiple Choice There is a balloon payment of principal due to the lender at the end of the 6 period. 0 The payments will decrease each year as a portion of the principal is paid. 0 Each payment includes both principal and interest. Interest expense will increase each year