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3 3. Study the following amortization table for a five-year note. Year Payment Interest Main Balance S137,325 1 S 40,000 $ 19,225 $ 20,775 116,550
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3. Study the following amortization table for a five-year note. Year Payment Interest Main Balance S137,325 1 S 40,000 $ 19,225 $ 20,775 116,550 2 40,000 16,316 23,684 92,866 3 40,000 13,001 26,999 65,867 4 40,000 9,221 30,779 35,088 5 40,000 4,912 35., 088 (0) I Suppose you are going to prepare a statement at the end of year number 3 The state of situation must present to S80,000 as long-term debt b S30,779 as short-term debt and $ 35,088 as long-term debt c. $ 40,000 as short-term debt and $ 40,000 as long-term debt d. 565,867 as long-term debt Step by Step Solution
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