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Otto Company borrows money on January 1 and promises to pay it back in four semiannual payments of $13,000 each on June 30 and December

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Otto Company borrows money on January 1 and promises to pay it back in four semiannual payments of $13,000 each on June 30 and December 31 of both this year and next year. Periodic Cash Flow $13,000 Otto Company borrows money on January 1 and promises to pay it back in four semiannual payments of $13,000 each on June 30 and December 31 of both this year and next year. Periodic Cash Flow $13,000

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