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Green Industries purchased a machine from Cyan Corporation on October 1, 2021. In payment for the $149,000 purchase, Green issued a one-year installment note to
Green Industries purchased a machine from Cyan Corporation on October 1, 2021. In payment for the $149,000 purchase, Green issued a one-year installment note to be paid in equal monthly payments at the end of each month. The payments include interest at the rate of 12%. Monthly installment payments are dosest tot (FV or $1. PV or $1. FVA of S1, PVA of $1, FVAD of $1 and PVAD or $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $12,017 SPANO S54372 S13,238
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