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Re: Short term liabilities

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April 25, 1996 12:00AM

All loan payments will automatically go to the long-term part of your loan until that part has been paid off then they will start going to the short-term part.

This is because you will always have a short term portion of your loan (until it is paid off) and if the payments went to it instead of the long-term portion you would wind up with no balance in the account at the end of the first year.

Norman L. Teegardin
CEO Farm Works Software

Short term liabilities

Jan, Hichs Brothers April 25, 1996 12:00AM

Re: Short term liabilities

Norman L. Teegardin April 25, 1996 12:00AM

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