Question: Saved Help Save & Exit Subm Check my work On December 31, 2020, KEC Environmental Corp. borrowed $120,000 by signing a four-year, 7.0% Installment


Saved Help Save & Exit Subm Check my work On December 31, 2020, KEC Environmental Corp. borrowed $120,000 by signing a four-year, 7.0% Installment note. The note requires four equal payments of accrued interest and principal on December 31 of each year from 2021 through 2024. Use TABLE 14A.2. (Use appropriate factor(s) from the tables provided.) a. Calculate the size of each of the four equal payments. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) Size of each payment $ 27,028 mortization table for this Installment note. (Do not round intermediate calculations. Round the final answers to the
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