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? (Round your answer to nearest whole number. )
A) $49,500
B) $66,000
C) $57,750
D) $8,250
Correct Answer:
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