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waterway industries issues a $ 1 3 3 0 0 0 0 , 8 % , 2 0 - year mortgage note on January 1

waterway industries issues a $1330000,8%,20-year mortgage note on January 1. The terms provide for annual installment payments, exclusive of real estate taxes and insurance, of $135394. After the first installment payment, the principle balance is

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