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on January 1, 2021 Ingle company borrows $24,000 cash by signing up for year 8% installment note for note requires four equal payments of 7246

on January 1, 2021 Ingle company borrows $24,000 cash by signing up for year 8% installment note for note requires four equal payments of 7246 consisting of accrued interest and principal on December 31 of each year from 2021 through 2024

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