0.4 oints eBook Print References Mc Jones Company is buying a Widget from Smith Company. The original cost on January 1, 20X3 was $30,000. Jones put 10% down and is making annual payments each December 31st of $6,409.70 which include interest at 6%. If Jones is properly amortizing this purchase, the amount of principal paid for 20X4 (second year) is: Multiple Choice $4,609.70 $4,789.70 $5,077.08 $4,886,28

Jones Company is buying a Widget from Smath Company. The original cost on January 1,203 was $30.000 Jones put 10s down and is making annual bayments each December 31st or $6,40970 which indude interest at 6%. If Jones is properly amortizing this purchase, the amount of ptincipal paid for 204 (second yead) is: Multiple Chaice $450970 543330 $5,07708 $4805,28