Question: Brief Exercise 2 1 - 7 ( Algo ) Installment note [ LO 2 1 - 3 , 2 1 - 6 ] On January
![Brief Exercise 21-7(Algo) Installment note [LO21-3,21-6] On January 1,2024, the Merit](https://s3.amazonaws.com/si.experts.images/answers/2024/06/6662be730c36f_3146662be7237eac.jpg)
Brief Exercise Algo Installment note LO
On January the Merit Group issued to its bank a $ million, fiveyear installment note to be paid in five equal payments at the end of each year. Installment payments of $ million annually include interest at the rate of
Required:
What would be the amounts related to the note that Merit would report in its statement of cash flows for the year ended December
Note: List each cash flow separately. Cash outflows should be indicated with a minus sign. Enter your answers in millions rounded to decimal places ie should be entered as
table$ in millionsCash inflow from financing activities,$Cash inflow from investing activities,$Cash inflow from financing activities,$
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