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22. Sawyer Corporation signed a notes payable with Synergy Bank on June 1, 2013. The note provides that Sawyer Corporation must pay principal plus all
22. Sawyer Corporation signed a notes payable with Synergy Bank on June 1, 2013. The note provides that Sawyer Corporation must pay principal plus all accrued interest at 10%, compounded annually, on June 1, 2018. Assuming Sawyer Corporation originally borrowed $525,000 and has not made any payment on the note prior to the due date, how much must Sawyer Corporation pay to Synergy Bank on June 1, 2018, the due date of the note? A) $825,510 B) $837,525 C) $525,000 D) $86,200 E) None of the Above
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