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Thank you so much for your help On August 31, 2019 sharon morgage enters into a lo-year 1o-year, 6%, $200,000 mortgage to finance the Construction.
Thank you so much for your help
On August 31, 2019 sharon morgage enters into a lo-year 1o-year, 6%, $200,000 mortgage to finance the Construction. The terms prouide for monthly instalment payments at the end of each month commencing September 30, 2020. Instructions - a.) Record the issue g the mortgage payable on August 31, 2019 b.) Record the first two instalment payments, on September 30, 2020 October 30, 2020 the payments is (1) a fixed () principal payment of $1,667 and (2.) a blended principal & ) interest payment of $2,220. and assuming aStep by Step Solution
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