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On July 1 , Journey Company borrowed $106,000 cash by signing a 10 -year, 6% installment note requiring equal monthly payments (a total of 120

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On July 1 , Journey Company borrowed $106,000 cash by signing a 10 -year, 6% installment note requiring equal monthly payments (a total of 120 payments). How much interest will be included in the first month's payment (round to the nearest whole dollar)? What is another name for liability (one 4 letter word beginning with 'd')

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