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Business, 31.05.2020 04:59 sharpeyennifer

On January 1, Year 1, Zero Company obtained a $52,000, 4-year, 6.5% installment note from Regional Bank. The note requires annual payments consisting of principal and interest of $15,179, beginning on December 31 of the current year. Of the first payment due on December 31 of Year 1, how much of the $15,179 payment will go toward paying down the principal balance of the note payable?

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On January 1, Year 1, Zero Company obtained a $52,000, 4-year, 6.5% installment note from Regional B...
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