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On the first day of the fiscal year, a company issues $65,000, 6%, 5 year installment notes that have annual payments of $15,431. The first
On the first day of the fiscal year, a company issues $65,000, 6%, 5 year installment notes that have annual payments of $15,431. The first note payment consists of $3,900 of interest and $11,531 of p...
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