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Hardtack Industries borrowed $336,000 from its bank in return for an installment note with 8% interest. Hardtack will make 6 annual payments of $72,682.

Hardtack Industries borrowed $336,000 from its bank in return for an installment note with 8% interest. Hardtack will make 6 annual payments of $72,682. At the end of the first period, Hardtack will report a note payable on its balance sheet of: Multiple Choice $336,000. $263,318. $290,198. $240,732.

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