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Caraway Corporation borrows $ 300,000 and signs a 6%, 5 year note. Monthly payments will include a fixed amount of principal, plus interest on the

Caraway Corporation borrows $ 300,000 and signs a 6%, 5 year note. Monthly payments will include a fixed amount of principal, plus interest on the unpaid balance. The first payment will be Select one: a. $ 18,000 b: $ 6,500. c. $5,000 d. $ 23,000. Next page

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