Determine the total long term liabilities

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Problem - Assume on December 1, 2017, a company borrows funds to purchase equipment. The company will make the following principal payments:

2018 - $5,900

2019 - $3,610

2020 - $2,050

2021 - $1,020

Required - On December 31, 2018, determine the total long term liabilities?

Reference no: EM132452111

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