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On January 1, 2021, Norwood borrows $440,000 cash from a bank bysigning a five-year installment note bearing 7% interest. The noterequires equal payments of $107,312
On January 1, 2021, Norwood borrows $440,000 cash from a bank bysigning a five-year installment note bearing 7% interest. The noterequires equal payments of $107,312 each year on December 31.Requir 2 answers
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