Dan Dayle started a business by issuing an $94,000 face value note to First State Bank on January 1, 2018. The note had an 6 percent annual rate of interest and a five-year term. Payments of $22,315 are to be made each December 31 for five years expense and principal? b. What is the c. What portion of the December 31, 2019, payment is applied to on January 1, 2019 doliai amount Prev 8of9 Next >