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Required information Problem 9-1A (Algo) Record and analyze installment notes (LO9-2) [The following information applies to the questions displayed below.] On January 1, 2024, Bloomfield

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Required information Problem 9-1A (Algo) Record and analyze installment notes (LO9-2) [The following information applies to the questions displayed below.] On January 1, 2024, Bloomfield Enterprises purchases a building for $206,000, paying $46,000 down and borrowing the remaining $160,000, signing a 9%,10-year mortgage. Installment payments of $2,026.81 are due at the end of each month, with the first payment due on January 31, 2024. Problem 9-1A (Algo) Part 4 4. Total payments over the 10 years are $243,217($2,026.81120 monthly payments). How much of this is interest expense and how much is actual payment of the loan? (Round your final answers to the nearest whole dollar amount.)

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