On january 1 2010 zero company obtained a 52000 four-year, Financial Accounting

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On january 1 2010 zero company obtained a 52000 four-year

On January 1, 2010, Zero company obtained a $52,000, four-year, 65% installment note from Regional Bank. The note requires annual payments consisting of principal and interest of $15,179, beginning on December 31, 2010. The December 31, 2010 carrying amount in the amortization table for this installment note will be equal to: $40,201.

Please show the steps on how to get this amount.

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Financial Accounting: On january 1 2010 zero company obtained a 52000 four-year

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