Currie Company borrowed $25,000 from the Sierra Bank by issuing a 10% three-year note. Currie agreed to repay the principal and interest by making annual payments in the amount of $10,053.

Based on this information, the amount of the interest expense associated with the second payment would be:

Interest expense associated with second payment = $1,745

Explanation:

1st year beginning

Ending balance of note 25,000

1st year end

Cash payment 10,053

Interest expense $25,000×10%

=$2,500

Principal payments

$10,053 -$2,500

=$7,553

Ending balance of note

$25,000- $7,553

=$17,447

2nd year end

Cash payment $10,023

Interest payment

$17,447×10%

=$1,744.7

Principal payment

$10,023-$1,744.7.

=$8,278.3

Ending balance of note

$17,447-$8,278.3

=$9,168.7

Interest expense associated with second payment = $1,745

If interest expense is rounded to nearest cent, then interest expense associated with second payment will be $1,744.7

the answer is     d. in our global economy, most job growth will be in services, but manufacturing jobs will exist, too.

​participate in networking opportunities that allow you to get to know potential clients, other entrepreneurs, influential people in your community, etc. focus on doing everything you can to cultivate posting word of mouth advertisin