Question: Ex. 278 Perez Co. receives $2,200,000 when it issues a $2,200,000, 8%, 15-year mortgage note payable to finance the construction of a building at December

Ex. 278 Perez Co. receives $2,200,000 when it issues a $2,200,000, 8%, 15-year mortgage note payable to finance the construction of a building at December 31, 2018. The terms provide for annual installment payments on December 31. Instructions What is the amount of the annual installment payments? Use the PV table

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