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Crowley Corporation purchased a building on January 2 by signing a long-term $500,000 mortgage with monthly payments of $5,000. The mortgage carries an interest rate
Crowley Corporation purchased a building on January 2 by signing a long-term $500,000 mortgage with monthly payments of $5,000. The mortgage carries an interest rate of 10%. Prepare the first three periods of the mortgage amortization table below.
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