The foWowing information applies to the questions displayed below.) On January 1, Year 1, Mahoney...
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The foWowing information applies to the questions displayed below.) On January 1, Year 1, Mahoney Company borrowed $182,000 cash from Sun Bank by issuing a 5-year, 8% term note. The principal and interest are repaid by making annual payments beginning on December 31, Year 1. The annual payment on the loan equals $41,075 What is the amount of principal repayment incuded in the payment made on December 31, Year 1 26,515 $41075
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