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On January 1, 2019, Glasses Corp. issued a 10% installment note to Big Bank in the amount of $100,000. The note requires annual payments
On January 1, 2019, Glasses Corp. issued a 10% installment note to Big Bank in the amount of $100,000. The note requires annual payments for 3 years. Using the appropriate Present Value Table (either Table 2 or Table 4-both of which were also used in Problem 1), determine the amount of the annual payment and type your answer in the answer box.
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