ACCOUNTING 200 BBB Enterprises borrows $250,000 from a bank

| June 14, 2018

BBB Enterprises borrows $250,000 from a bank on January 1, 2013, and will repay the loan by making monthly payments of $2,100. The annual interest rate charged for this 6-year loan is 7%. What is the balance in the mortgage payable after the 2nd payment on March 1, 2013?

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