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Expanding Corporation financed a $500,000 expansion by mortgaging their head office bullding for seven years. They negotated a rate of 5% per annum. They will

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Expanding Corporation financed a $500,000 expansion by mortgaging their head office bullding for seven years. They negotated a rate of 5% per annum. They will make equal annual poyments at the end of the year Note: if needed, complete the amortization table for the montgoge using the effective interest method What should be reported as the Mortgage liability on the balance sheet for Year 4? Mulkiple Choice $500.000 $235,316 $0 $438,590 None of the other allematives are correct

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