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The note about debt included in the financial statements of Healdsburg Company for the year ended December 3 1 , 2 0 2 3 disclosed
The note about debt included in the financial statements of Healdsburg Company for the year ended December disclosed the following:
notes due $
notes due $
notes due $
notes due $
notes due $
The above table summarizes the longterm debt of the Company on December All of the notes were originally issued at their face maturity value and have been gradually repaid over time so that these amounts are the remaining balances at this date.
Assume that the notes pay interest annually and mature on December of the respective years.
Required:
Suppose that Healdsburg renegotiates the notes on December when the going interest rate is Healdsburg agrees to make equal annual installments, commencing on December rather than pay the annual interest payments and the $ million in a single amount at maturity. What would the annual payments be
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