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Prepare installment payment for 20 years

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Eve Corporation issues a $9,000,000, 5%, 20-year mortgage note payable on December 31, 2017, to obtain needed financing for the construction of a building addition. The terms provide for annual installment payments of $722,183 on December 31.

How do we prepare installment payment for 20 years

Reference no: EM133186461

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