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Business, 04.09.2019 02:20 cordobamariana07

On december 1, 2018, garden products borrowed $92,000 on a 5%, 10-year note with annual installment payments of $9,200 plus interest due on december 1 of each subsequent year. which of the following describes the first installment payment made on december 1, 2019? (round your answer to the nearest whole number o a. $4,600 interest only o b. $9,200 principal plus $460 interest o c. $9,200 principal plus $4,600 interest o d. $9,200 principal plus $9,200 interest

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On december 1, 2018, garden products borrowed $92,000 on a 5%, 10-year note with annual installment...
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