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When monthly payments are made for mortgages payable and notes payable, the amount of the interest expense for the month is calculated by multiplying the
When monthly payments are made for mortgages payable and notes payable, the amount of the interest expense for the month is calculated by multiplying the appropriate interest rate times the
a. balance in accounts payable |
b. original balance for all payments made |
c. beginning of the month principal balance |
d. numbers of years in the note |
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