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Business, 26.07.2019 05:20 nina4552

On january 1, 2011 the minnesota company borrowed $162,000 cash from fidelity bank by issuing a five-year 8% term note. the principle and interest are repaid by making annual payments beginning on december 21,2011. the annual payment on the loan would be $40,575. the amount of prinicple repayment included in the december 31, 2011 payment is?

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