On july 1 shady creek resort borrowed 250000 cash by


On July 1, Shady Creek Resort borrowed $250,000 cash by signing a 10-year, 8% installment note requiring equal payments each June 30 of $37,258. What amount of principle will be included in the first annual payment?

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Financial Accounting: On july 1 shady creek resort borrowed 250000 cash by
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