Peachtree company borrows $30,000 from the local bank at 7% interest. the term of the note is five years, and the annual payments remain constant at $7,317. determine the interest expense peachtree company should record in the second year.
a. $1,735
b. $2,100
c. $7,317
d. $5,217
Answers: 3
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Peachtree company borrows $30,000 from the local bank at 7% interest. the term of the note is five y...
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