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the ones in red please The following instalment payment schedule is for a long-term bank loan payable: Assuming payments are made annually, what is the

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The following instalment payment schedule is for a long-term bank loan payable: Assuming payments are made annually, what is the interest rate on the bank loan? (Round answer to the nearest whole percent, eg. 12\%) Interest rate % Prepare the journal entry to record the first instalment payment. (Round answers to 2 decimal places, es. 1.25. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)

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