What is the balance of the long-term notes payable account

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Reference no: EM131931469

Problem

On November? 1, 2016, EZ Products borrowed $66,000 on a 6%, 8-year note with annual installment payments of $8,250 plus interest due on November 1 of each succeeding year. On November 1, 2018, what is the balance of the Long-Term Notes Payable account?

Reference no: EM131931469

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