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Question 20 Save Answer 2 points On January 1, Yeer 1, Mahoney Company bomowed $177,000 cash from Bun Bank by issuing a5year, 8% term note.

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Question 20 Save Answer 2 points On January 1, Yeer 1, Mahoney Company bomowed $177,000 cash from Bun Bank by issuing a5year, 8% term note. The principal and interest are repaid by making annual payments beginning on December 31, Year 1. The annual payment on the loan equals si0.950. What is the amount of principal repayment included in the payment made on December 31, Yer 17 O $37474 O40,00 O2.790 O $14,10

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