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Questions 3 - 5 use the below data. You bought a piece of equipment by signing the following note payable. The note is due at
Questions 3 - 5 use the below data. You bought a piece of equipment by signing the following note payable. The note is due at maturity and interest is due annually. Face value 355,600 Coupon rate 4.3% Market rate Term What is the ending balance of the note at the end of year 5? 17.5% Multiple Choice 0 335,168 0 302,188 0 345,015 0 355,600
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