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On January? 1, 2018, Allgood Company purchased equipment and signed a? six-year mortgage note for? $186,000 at? 15%. The note will be paid in equal
On January? 1, 2018, Allgood Company purchased equipment and signed a? six-year mortgage note for? $186,000 at? 15%. The note will be paid in equal annual installments of? $49,148, beginning January? 1, 2019. Calculate the portion of interest expense paid on the third installment.? (Round your answer to the nearest whole? number.)
A. ?$21,048
B. ?$49,148
C. ?$27,900
D. ?$164,752
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