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QUESTION 3 (10 MARKS) Riley Company issued a $5,000,000,10%,10-year mortgage note payable to finance the construction of a Instructions 24. The terms provide for annual

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QUESTION 3 (10 MARKS) Riley Company issued a $5,000,000,10%,10-year mortgage note payable to finance the construction of a Instructions 24. The terms provide for annual installment payments of $720.000. (a) the mortgage loan on December 31, 2024. (5 Marks) (b) the first installment payment. (5 Marks) QUESTION 3 (10 MARKS) Riley Company issued a $5,000,000,10%,10-year mortgage note payable to finance the construction of a Instructions 24. The terms provide for annual installment payments of $720.000. (a) the mortgage loan on December 31, 2024. (5 Marks) (b) the first installment payment

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