On December 1, 2015, Fine Products

On December 1, 2015, Fine Products

Question # 00514435 Posted By: neil2103 Updated on: 04/19/2017 10:59 AM Due on: 04/19/2017
Subject Finance Topic Finance Tutorials:
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On December 1, 2015, Fine Products borrowed $80,000 on a 4%, 8-year note with annual installment payments of $10,000 plus interest due on December 1 of each succeeding year. Which of the following describes the first installment payment made on December 1, 2016?


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    Tutorial # 00511281 Posted By: neil2103 Posted on: 04/19/2017 11:00 AM
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