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Vaughn Inc. received a five - year bank loan bearing interest at 7 % with principal and interest instalment payments due annually. The following instalment
Vaughn Inc. received a fiveyear bank loan bearing interest at with principal and interest instalment payments due annually. The
following instalment payment schedule is partially completed:
a
Fill in the missing amounts. Round answers to decimal places, eg PLESE CALCULATE CASH PAYMENT, INTEREST EXPENSE REDUCTION OF PRINCIPAL AND PRINCIPLA BALANCE FOR THE MISSING AMOUNTS
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