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Current Attempt in Progress Monty Inc. financed the purchase of equipment costing $ 8 5 , 6 0 0 on January 1 , 2 0
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Monty Inc. financed the purchase of equipment costing $ on January using a note payable. The note requires Monty to make annual $ payments of blended interest and principal on January of the following four years, beginning January The note bears interest at the rate of
Click here to view the factor table.
Click here to view the factor table.
Prepare the debt amortization schedule for the note over its term. Round answers to decimal places, eg
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tableInterest
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