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On January 1 , 2 0 2 4 , the Merit Group issued to its bank a $ 4 3 million, five - year installment
On January the Merit Group issued to its bank a $ million, fiveyear installment note to be paid in five equal payments at the end of each year. Installment payments of $ million annually include interest at the rate of
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What would be the amounts related to the note that Merit would report in its statement of cash flows for the year ended December
Note: List each cash flow separately. Cash outflows should be indicated with a minus sign. Enter your answers in millions rounded to decimal places ie should be entered as
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