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On January 1, 2021, Cullumber Corp. borrows $22,200 by signing a 3-year, 9% note payable. The note is repayable in three annual fixed principal

On January 1, 2021, Cullumber Corp. borrows $22,200 by signing a 3-year, 9% note payable. The note is repayable in three annual fixed principal payments on December 31 of each year. Calculate the annual principal payment. Annual principal payment $ eTextbook and Media List of Accounts

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