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On November 1, 2024, A - 1 Products borrowed $61,000 on a 10%, 10 -yoar note with annual instaliment paymants of $6,100 plus interest due

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On November 1, 2024, A - 1 Products borrowed $61,000 on a 10\%, 10 -yoar note with annual instaliment paymants of $6,100 plus interest due on November 1 of each succeeding year. On November 1,2026, atter the instaliment payment is made, what is the balance of the Long - Term Notes Payable account? (Round your answer to nearest dolar) A. 548,800 B. $6,100 C. $61,000 D. $54,900

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