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Matrix Consulting Agency signed a 10-year, 6.9%, $708,340 mortgage on June 30, 2017, to help finance a new office building. T

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Semi-annual Interest Period Cash Payment Interest Expenses Reduction of Principal Principal Balance
June 30, 2017 $708,340
Dec 31, 2017 $49,614 $24,438 $25,176 $683,164
June 30, 2018 $49,614 $23,569 $26,045 $657,119
Dec 31, 2018 $49,614 $22,671 $26,943 $630,175
June 30, 2019 $49,614 $21,741 $27,873 $602,303
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