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Question 3 0.5 pts On November 1, Year 1 Orange Company borrowed $68,000 on a 7%, 10 year note with annual installment payments of 56B00

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Question 3 0.5 pts On November 1, Year 1 Orange Company borrowed $68,000 on a 7%, 10 year note with annual installment payments of 56B00 plus interest due on November of each succeeding year. On November 1 Year 3, what is the balance of the Lone Term Notes Payable account? (Round your answer to nearest whole number) 56000 SO 554.400 O $61.200 - Previous

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