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Cullumber Electronics issues a R $439,500,3%,10-year mortgage note on December 31, 2019. The proceeds from the note are to be used in financing a new
Cullumber Electronics issues a R $439,500,3%,10-year mortgage note on December 31, 2019. The proceeds from the note are to be used in financing a new research laboratory. The terms of the note provide for annual installment payments, exclusive of real estate taxes and insurance, of R\$51.523. Payments are due on December 31 . Part 1 Prepare an installment payments schedule for the first 4 years. (Round answers to 0 decimal places, eg. 15,250.)
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