Betty DeRose, Inc. borrowed $160,000 on July 1, 2025. The terms of the loan require...
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Betty DeRose, Inc. borrowed $160,000 on July 1, 2025. The terms of the loan require Betty DeRose to make semi-annual payments of $14,000 every December 31 and June 30 , with the first payment being due on December 31, 2025 . Assume the loan, has an interest rate of 10x, compounded semi-annually. Calculate the note payable account balance at Dec. 31, 2026 after the third loan payment has been made
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