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Calculate portion of interest expense paid

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Question 1: On January 1, 2018, Allgood Company purchased equipment and signed a six-year mortgage note for $186,000 at 15%. The note will be paid in equal annual installments of $49,148, beginning January 1, 2019. Calculate the portion of interest expense paid on the third installment. (Round your answer to the nearest whole number.)

Select one:

A. $49,148

B. $27,900

C. $21,048

D. $164,752

Reference no: EM132597690

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