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Sheffield Corp. issues a $1310000, 8%, 20-year mortgage note on January 1. The terms provide for annual installment payments, exclusive of real estate taxes and

Sheffield Corp. issues a $1310000, 8%, 20-year mortgage note on January 1. The terms provide for annual installment payments, exclusive of real estate taxes and insurance, of $133358. After the first installment payment, the principal balance is

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