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on November 1, 2021. Tim's Toys borrows $32,400,000 at 8% to finance the holiday sales season. The note is for a six-month term and both

on November 1, 2021. Tim's Toys borrows $32,400,000 at 8% to finance the holiday sales season. The note is for a six-month term and both principal and interest are payable at maturity. What is the balance of interest payable for the loan as of December 31, 2021?. Multiple Choice $215,000 $432,000 5108,000 $1.296.000

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