Question
On January 1, 2017, Blossom Corp. borrows $21,000 by signing a 3-year, 9% note payable. The note is repayable in three annual fixed payments on
On January 1, 2017, Blossom Corp. borrows $21,000 by signing a 3-year, 9% note payable. The note is repayable in three annual fixed payments on December 31 of each year.
Calculate the annual principal payment.
Annual principal payment$?
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Payroll Accounting 2017
Authors: Bernard J. Bieg, Judith Toland
27th edition
1305675126, 1305675124, 9781305888586, 1305888588, 978-1337734776
