Problem $9-1$B $($Algo$)$ Record and analyze installment notes $($LO$9-2)$

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On January $1,2024,$ Stoops Entertainment purchases a building for $$450,000,$ paying $$100,000$ down and borrowing the remaining $$350,000,$ signing a$($n$)7\%,20-$year mortgage. Installment payments of $$2,713\mathrm{.}55$ are due at the end of each month, with the first payment due on January $31,2024.$