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Snap Industries purchased a machine from Ritz Corporation on October 1, 2016. In payment for...

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Accounting

Snap Industries purchased a machine from Ritz Corporation on October 1, 2016. In payment for the $94,600 purchase, Snap issued a two-year installment note to be paid in equal quarterly payments at the end of each quarter. The payments include interest at an annual rate of 6%.

Each installment payment will be $___________________

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