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On December 31, 2020, Sack Port Ventures Inc. borrowed $100,000 by signing a four-year, 6.5% installment note. The note requires annual payments of accrued

On December 31, 2020, Sack Port Ventures Inc. borrowed $100,000 by signing a four-year, 6.5% installment note. The note requires annual payments of accrued interest and equal amounts of principal on December 31 of each year from 2021 through 2024. a. How much principal will be included in each of the four payments? Amount of principal in each payment VM Cl

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