Thayer company purchased a building on january 2 by signing, Accounting Basics

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Thayer company purchased a building on january 2 by signing

Question: Thayer Company purchased a building on January 2 by signing a long-term $3360000 mortgage with monthly payments of $30800. The mortgage carries an interest rate of 10 percent. The amount owed on the mortgage after the first payment will be

Entry field with incorrect answer

$3329200.

$3332000.

$3360000.

$3357200.

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Accounting Basics: Thayer company purchased a building on january 2 by signing

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