Business, 05.06.2020 06:00, naomicervero

On January 1, 2018, Earnest Company purchased equipment and signed a sixminusyear mortgage note for $ 80 comma 000 at 15%. The note will be paid in equal annual installments of $ 21 comma 139, beginning January 1, 2019. Calculate the portion of principal paid on the third installment. (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)

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On January 1, 2018, Earnest Company purchased equipment and signed a sixminusyear mortgage note for...