Question
On September 30, 2020, LAX, LLC signed a 5.5% note with State Bank for $9,000,000. The note is due with interest 15 months later. 1.
On September 30, 2020, LAX, LLC signed a 5.5% note with State Bank for $9,000,000. The note is due with interest 15 months later.
1. Calculate the total interest expense for the note:
Principal Rate Term (months) Interest exp.
- 0.0% - $. -
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Forensic Accounting And Fraud Examination
Authors: Paul Barnes
1st Edition
1118454138, 978-1118454152
