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On January 1,2011,Alpha Enterprise Signed a $100,000,6%,20-Year Mortgage Note to Buy

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On January 1,2011,Alpha Enterprise signed a $100,000,6%,20-year mortgage note to buy a new warehouse.The mortgage will be repaid in a series of twenty equal annual installment payments.Calculate the amount of each payment.Round your answer to the nearest dollar.


Definitions:

Sole Proprietorships

A business owned and operated by a single individual, where there is no legal distinction between the owner and the business entity.

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