Question: Sheridan Electronics issues a R$376,500, 3 %, 10-year mortgage note on December 31, 2019. The proceeds from the note are to be used in

Sheridan Electronics issues a R$376,500, 3 %, 10-year mortgage note on December 31, 2019. The proceeds from the note are to be used in

Sheridan Electronics issues a R$376,500, 3 %, 10-year mortgage note on December 31, 2019. The proceeds from the note are to be used in financing a new research laboratory. The terms of the note provide for annual installment payments, exclusive of real estate taxes and insurance, of R$44,137. Payments are due on December 31.

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