The municipality of Lansdown issued a three-year, 9% mortgage note payable for $206,000 to finance...
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The municipality of Lansdown issued a three-year, 9% mortgage note payable for $206,000 to finance the purchase of three salt trucks. The terms provide for equal quarterly blended principal plus interest payments. What are the quarterly payments on the note? (Round answer to 2 decimal places, e.g. 5,275.75.) Click here to view the factor table. Present Value of 1 Click here to view the factor table. Present Value of an Annuity of 1 Quarterly payment $
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The municipality of Lansdown issued a three-year, 9% mortgage note payable for $206,000 to finance the purchase of three salt trucks. The terms provide for equal quarterly blended principal plus interest payments. What are the quarterly payments on the note? (Round answer to 2 decimal places, e.g. 5,275.75.) Click here to view the factor table. Present Value of 1 Click here to view the factor table. Present Value of an Annuity of 1 Quarterly payment $ 