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On the first day of the fiscal year, a company issues $45,000, 8%, 6 year installment notes that have annual payments of $9,734. The first
On the first day of the fiscal year, a company issues $45,000, 8%, 6 year installment notes that have annual payments of $9,734. The first note payment consists of $3,600 of interest and $6,134 of pri...
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