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Company A Dells a machine to Company B on September 1 for $27.000. The down payment to be paid by Company B is $9,000. Company
Company A Dells a machine to Company B on September 1 for $27.000. The down payment to be paid by Company B is $9,000. Company B must pay monthly minimum payments of $265.12% Interest rate per annum on the unpaid balance is deducted from each payment and the balance is appiled to reduce the principal outstanding. Company B makes the following payments to Company A October 1 November 1 December 1 January 2 5 sac sas $1.00 5500 Prepare a partial amortization schedule in order to answer the following question In prepanng an amortzation schedule, what is the amount of interest paid for December? Multiple Choice 0 0 $500 $260 $240 $250 None of the other arenes are correct
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