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  3. glen pool club, inc., has a $152,000 mortgage liab

Glen Pool Club, Inc., has a $152,000 mortgage liability. The mortgage is payable in monthly...

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Accounting

Glen Pool Club, Inc., has a $152,000 mortgage liability. The mortgage is payable in monthly installments of $2,142, which include interest computed at an annual rate of 12 percent (1 percent monthly).

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