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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
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 $239,000, paying $49,000 down and borrowing the remaining $190,000, signing a 9%,10-year mortgage. Installment payments of $2,406.84 are due at the end of each month, with the first payment due on January 31,2024. roblem 9-1A (Algo) Part 4 Total payments over the 10 years are $288,821 ( $2,406.84120 monthly payments). How much of this is interest expense and how huch is actual payment of the loan? (Round your final answers to the nearest whole dollar amount.)
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