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On November 1, 2018, A- 1 Products borrowed $50,000 on a 10%, 5-year note with annual installment payments of $10,000 plus interest due on November

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On November 1, 2018, A- 1 Products borrowed $50,000 on a 10%, 5-year note with annual installment payments of $10,000 plus interest due on November 1 of each succeeding year. On November 1, 2020, what is the balance of the Long - Term Notes Payable account? (Round your answer to nearest whole number.) O A. $30,000 B. $10,000 C. $50,000 D. $40,000

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