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In October, you sign a note for $50,000 in order to buy new equipment. The...

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Accounting

In October, you sign a note for $50,000 in order to buy new equipment. The note is due in five years, at 8% annual interest. Semiannual interest payments are due each March and September. Assuming no other long-term debt, what is the initial balance in the related long-term debt account?

A) $46,000

B) $50,000

C) $52,000

D) $54,000

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