on march 1 donzella corp plans to borrow 500000 from the holak noational bank by signing 11%
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Question:
on march 1 donzella corp plans to borrow 500000 from the holak noational bank by signing 11% 15 year note payable. The note calls for 180 montly payments of 5000 which includes both interst and principal components.
Donzella budgeted interest expense for april is:
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