What is the bank loan balance reported on the balance sheet

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Question: On January 1, 2019 Lauri Inc. signed a 3 year loan for $80,000 with an annual interest rate of 10%. The loan is repayable in three annual blended payments of $32,169 on December 31 each year. What is the bank loan balance reported on the balance sheet at December 31, 2019 after the first payment has been made?

Reference no: EM133610034

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