Question: Curtain Company borrowed 10 000 at 9 for seven years The

Curtain Company borrowed $10,000 at 9% for seven years. The loan requires annual payments of $1,986.91. When Curtain Company makes the first annual payment at the end of the first year of the loan, how much of the payment will be interest and how much will reduce the principal of the loan?


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  • CreatedSeptember 01, 2014
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