Question: Presented below is a partial amortization schedule for a three - year installment note requiring monthly payments of $ 2 , 0 9 8 .
Presented below is a partial amortization schedule for a threeyear installment note requiring monthly payments of $
Date
Cash Paid
Interest Expense
Decrease in Carrying Value
Carrying ValueCarrying Value Interest RatePrior Carrying Value $$$$
What is the principal amount of the note?
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