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On December 31,2021 . Basswood Inc., borrowed 871000 on a 4%,20-year mortgage note payable. The note is to be repaid in a equal semiannual instalments
On December 31,2021 . Basswood Inc., borrowed 871000 on a 4%,20-year mortgage note payable. The note is to be repaid in a equal semiannual instalments of 31840 payable on December 31. Requirement: Compute the total interest accrued for the following note payable owed by Basswood Inc., as of June 30, 2022 (in exactly 6 months). 15920 31840 617420 Correct
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