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On November 1, 2013, Norwood borrows $200,00 cash from a bank by signing a five-year installmen t note b earing 8% interest. The note requires

On November 1, 2013, Norwood borrows $200,00 cash from a bank by signing a five-year installmen t note b earing 8% interest. The note requires equal total payments each year on October 31. compute the total amount of each installment pahyment. Complete an amortization table for this installement note similar to the one in Exhibit 14. 14

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