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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Talkington Electronics issues a $402,700, 12%, 10-year mortgage note on December 31, 2013. The proceeds from the note are to be used in financing a new research laboratory. The terms of the note provide for semiannual installment payments, exclusive of real estate taxes and insurance, of $35,109. Payments are due June 30 and December 31.
pare an installment payments schedule for the first 2 years. (Round answers to 0 decimal places, e.g. 15,250.)
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Semiannual Interest Period |
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Cash Payment |
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Interest Expense |
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Reduction of Principal |
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Principal Balance |
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Issue Date |
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| 1 | Â |
$ |
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$ |
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$ |
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| 2 | Â |
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| 3 | Â |
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| 4 | Â |
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