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What would be the amount related to the note

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Reference no: EM131008284

1. On January 1, 2011, the Merit Group issued to its bank a $41 million, five-year installment note to be paid in five equal payments at the end of each year. Installment payments of $10 million annually include interest at the rate of 7%. What would be the amount(s) related to the note that Merit would report in its statement of cash flows for the year ended December 31, 2011?

Reference no: EM131008284

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