Sunday, November 6, 2011

Company borrowed $750,000 from U.S. Bank on January 1, 2009 in order to expand its mining capabilities. The fi?

Company borrowed $750,000 from U.S. Bank on January 1, 2009 in order to expand its mining capabilities. The five-year note required annual payments of $195,327 and carried an annual interest rate of 9.5%. What is the balance in the notes payable account at December 31, 2010?

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