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The following instalment payment schedule is for a long-term bank loan payable: Interest Period Cash...

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The following instalment payment schedule is for a long-term bank loan payable: Interest Period Cash Payment Interest Expense Reduction of Principal Issue date Principal Balance $110,000 1 $25,407 23 $5.500 $19.907.23 90,092.77 2 25.407.23 4,504.64 3.459.51 69,190 18 3 25,407.23 20.902.59 21.947.72 4 25.407.23 47.242.46 24.197.35 2362.12 23.04511 5 25.407.23 1,209.88 24.197.35 0 (a Your answer has been saved. See score details after the due date Assurning payments are made annually, what is the interest rate on the bank loan (Round answer to the nearest whole percent 12%) Cash 25408 Attempts: 1 of 1 used (d) What are the current and non-current portions of the bank loan after the payment at the end of period 2? (Round answers to decimal places, eg. 1.25.) I Current portion $ $ Non-current portion Attempts of lused SA Save for lite

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