An installment note payable for a principal amount of $48,000 at 6% requires Willie Company to repay the principal and interest equal annual payments of $11,395 beginning December 31, 2017 for each of the next five years. After the final payment, how much will Willie Company owe on the loan?

A. $525
B. $8,975
C. $11,395
D. $0

Answer: D. $0

Business

You might also like to view...

) Text messages are used in the workplace for

A) Less intimidation. B) Speed. C) Cost-effectiveness. D) Multitasking. E) All of the above.

View
Business

Normalized tables are faster to process than tables that haven't been normalized

Indicate whether the statement is true or false

View
Business