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. Frisco Company issues a $300,000, 10%, 10-year mortgage note on January 1, 2014, to obtain financing for a new building. The terms provide for

. Frisco Company issues a $300,000, 10%, 10-year mortgage note on January 1, 2014, to obtain

financing for a new building. The terms provide for semiannual installment payments.

a. Determine the amount of each semiannual mortgage payment. $___________________

b. Determine interest expense as of December 31, 2014: $___________________

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