I need to find the interest for mortgage.? - Loan Modification - Free Foreclosure Help

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01-19-2012, 08:19 PM

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I need to find the interest for mortgage.?

Thompson Creek company purchased land on January 1, 2009 for $4,749,080 for which it takes out a mortgage at 10 percent. At the end of 2009, it pays interest of ----------. Please show me the necessary computation, and record this transaction in the journal to the right.

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