Mathematics

Finn

31 March, 06:13

On January 1, 2018, Corvallis Carnivals borrows $25,000 to purchase a delivery truck by agreeing to a 6%, three-year loan with the bank. Payments of $760.55 are due at the end of each month, with the first installment due on January 31, 2018. Record the issuance of the note payable and the first monthly payment.

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