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The company borrowed $2,500,000 at 3% interest for five years. They will make annual installment payments of $500,000 plus accrued interest each year. If they

The company borrowed $2,500,000 at 3% interest for five years. They will make annual installment payments of $500,000 plus accrued interest each year. If they created a balance sheet the day they borrowed the money; how will this loan be classified

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