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Business, 04.09.2019 02:30 Danay4600

On december 1, 2018, garden products borrowed $92,000 on a 5%, 10-year note with annualinstallment payments of $9200 plus interest due on december 1 of each subsequent year. which ofthe following describes the first installment payment made on december 1, 2019? (round youranswer to the nearest whole number.)a) $4600 interest only b) $9200 principal plus $460 interestc) $9200 principal plus $9200 interest d) $9200 principal plus $4600 interest

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