Business, 27.06.2020 05:01 raymondleggett44

On January 1, 2018, Allgood Company purchased equipment and signed a sixminusyear mortgage note for $ 110 comma 000 at 15%. The note will be paid in equal annual installments of $ 29 comma 066, beginning January 1, 2019. Calculate the portion of interest expense paid on the third installment. (Round your answer to the nearest whole number.) A. $ 16 comma 500

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