Question
on january 1,2020 a company signs a $6000 three year note payable bearing 6%annual interest. the original principal and interest is paid on december 31,2022.
on january 1,2020 a company signs a $6000 three year note payable bearing 6%annual interest. the original principal and interest is paid on december 31,2022. interest is compounded annualy. how much interest is calculated to year 2021? a. $0 b.$360 c. $381.60 d.$741.60
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Governmental and Nonprofit Accounting
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi
10th edition
132751267, 978-0132751261
