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On November 1, 2016, EZ Products borrowed $66,000 on a 6%, 8-year note with annual installment payments of $8,250 plus interest due on November 1

On November 1, 2016, EZ Products borrowed $66,000 on a 6%, 8-year note with annual installment payments of $8,250 plus interest due on November 1 of each succeeding year. On November 1, 2018, what is the balance of the Long-Term Notes Payable account? (Round your answer to nearest whole number.) A. $8,250 B. $66,000 C. $49,500 D. $57,750

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