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Tyes Inc. issues a $1,000,000, 12%, 20-year mortgage note on December 31, 2016. The terms provide for semiannual installment payments of $66,462 which covers interest

Tyes Inc. issues a $1,000,000, 12%, 20-year mortgage note on December 31, 2016. The terms provide for semiannual installment payments of $66,462 which covers interest and part on the principal. What is the principal balance after the second semiannual payment?

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