D U Question 1 ABC Company borrowed $100,000 at a 6% interest rate on January 1, 20X1 for one year with interest and principal due on December 31, 20X1. How much will ABC have to pay in total on December 31, 20X1? O $12,000 O $100,000 O $6,000 O $106,000 Question 2 1 pts 1 pts ABC Company borrowed $100,000 on January 1, 20X1. Interest is 6% payable each December 31. They are borrowing the money for three years. On December 31 20X3, the principal and the last interest payment will be due. What is their interest expense on December 31, 20X3? $6,000 $118,000 $18,000 $106,000 Question 3 1 pts ABC Company borrowed $100,000 at a 6% interest rate on May 1, 20X1 for one year with interest and principal due on April 30, 20X2. How much is ABC's interest expense for the year ended December 31, 20X1? O $4,000 O $4,500 O $6,000 O $100,000 Question 4 1 pts ABC Company borrowed $100,000 at a 6% interest rate on May 1, 20X1 for one year with interest and principal due on April 30, 20X2. How much cash will be paid on December 31, 20X1? $104,000 $6,000 $4,000 Question 5 1 pts ABC Company borrowed $100,000 at a 6% interest rate on May 1, 20X1 for one year with interest and principal due on April 30, 20X2. How much is interest expense for 20X2? $6,000 O $4,000 O $100,000 $2,000