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  3. assume that a machine was purchased for $56,600. c

Assume that a machine was purchased for $56,600. Cash of $21,000 was paid, and a...

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Accounting

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Assume that a machine was purchased for $56,600. Cash of $21,000 was paid, and a four-year, 10% note payable was signed for the balance. How much is the equal annual payment of principal and interest due at the end of each year? Annual payment

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