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On January 1, 2015, Lauri Inc. signed a 3 year loan for $80,000 with interest rate of 10%. The loan is repayable in three annual

On January 1, 2015, Lauri Inc. signed a 3 year loan for $80,000 with interest rate of 10%. The loan is repayable in three annual blended payments on December 31. What is the bank loan balance on the balance sheet on December 31, 2016? a. $32,169 b. $5,583 c. $29,245 d. $26,667

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