Business, 14.04.2020 20:53 eric271828
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 decrease in notes payable that Peachtree Company should record in the first year.
a. $1,735.
b. $5,217.
c. $2,100.
d. $7,317.
Answers: 2
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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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