Question: Suppose MegaStore Inc signed a 750 000 15 year 10 note payable
Suppose MegaStore, Inc., signed a $750,000, 15-year, 10% note payable to finance the expansion of its business on January 1, 2010. The terms provide for semiannual payments of $49,000 on June 30 and December 31, 2010. On the December 31, 2010, balance sheet, how much will MegaStore show as the principal of this note payable?
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