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VGK Corporation gave a $850,000 loan to MTL Inc. on March 1, 2019. The interest rate on the loan is 8%. MTL agreed to make

VGK Corporation gave a $850,000 loan to MTL Inc. on March 1, 2019. The interest rate on the loan is 8%. MTL agreed to make twelve equal semi-annual payments for six years beginning September 1, 2019.

A. What is the size (amount) of each payment made by MTL Inc.?

B. What is the interest revenue recorded by VGK for the year ended December 31, 2019?

C. What is the balance in interest receivable on VGK's books on December 31, 2019?

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