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Lasater & Thek Co lend $50,000 to Orton Co. on a Note Receivable with 8% annual interest on New Years Day 2015.What amount of interest

Lasater & Thek Co lend $50,000 to Orton Co. on a Note Receivable with 8% annual interest on New Years Day 2015.What amount of interest would Lasater & Thek Co record at the end of 2015?

$5,000

$3,500

$4,000

Nothing, they would forgive the debt and give Orton Co. free money

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