Business, 24.03.2020 22:37 jwagner2277

Able Electronics Company issues a $1,000,000, 8%, 20-year mortgage note on January 1. The terms provide for semi-annual installment payments, exclusive of real estate taxes and insurance, of $58,276. After the first installment payment, the principal balance is Select one: a. $1,000,000. b. $962,717. c. $941,717. d. $981,724. e. $955,002.

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Able Electronics Company issues a $1,000,000, 8%, 20-year mortgage note on January 1. The terms prov...

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