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On January 1,2024 , Crane Corp. borrows $13,500 by signing a 3-year, 6% note payable. The note is repayable in three annual blended payments of
On January 1,2024 , Crane Corp. borrows $13,500 by signing a 3-year, 6% note payable. The note is repayable in three annual blended payments of $5,050 on December 31 of each year. (a) Prepare an instalment payment schedule for the note. (Round answers to 0 decimal places, e.g. 5,276.)
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