Question 9 4 pts On January 1, Year 1, KASE borrowed $345,000 on a 9-year, 6% installment note payable. The terms of the note require KASE to pay 9 equal payments each December 31 for 9 years. The Notes Payable balance at the end of December 31, Year 7 is: Warning: When doing calculations, it is recommended to use Excel. If you are calculating by hand, do not round to the nearest whole number until you get to the final answer Enter your answer as rounded to the nearest whole number, for example: if the answer is 100, enter 100 if the answer is 100.49, enter 100 if the answer is 100.5, enter 101 4 pts Question 10 KASE is in need of $465,000 to build a new prototype. Upon looking at its options, it finds it can get $465,000 in one of two ways: On 1/1/20X1, issuing a $465,000 of 4.27%, 5-year bond, dated 1/1/20X1, and must pay interest twice a year (semi-annually) every first of July and first of January On 1/1/20X1, borrowing $465,000 on a 5-year, 7% installment note payable. The terms of the note require KASE to pay 5 equal payments each December 31 for 5 years If KASE chose the option that provided the most pre-tax Income Statement profit over 5 years, what would that option's cumulative Interest Expense over 5 years be? Warning: When doing calculations, it is recommended to use Excel. If you are calculating by hand, do not round to the nearest whole number until you get to the final