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What would the balance of the note payable

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Reference no: EM132838425

Question - Terms: Borrowed $30,000, by signing a 5 year installment note with 5% interest and annual payments of $6,929.24.

What would the balance of the note payable be after the 5th payment?

a. $6,599.28

b. $0.00

c. $6,929.24

d. $329.96

Reference no: EM132838425

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