Question 3 1 pts A company borrowed $40,000 on June 30, 2019 from a bank. The bank is charging an interest rate of 10% annually. Interest is compounded quarterly. What is the outstanding balance on the loan (amount borrowed plus unpaid interest) on December 31, 2019? That is, if we borrowed $40,000, incurred interest expense from June 30, 2019 to September 30, 2019, and incurred another 3 months of interest from September 30, 2019 to December 31, 2019, all of which was not paid but got added to the Notes Payable balance, what is the ending Notes Payable balance at December 31, 2019