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On December 1 a company borrowed $100,000 at 12% per year. The interest will be paid quarterly, with the first payment due on March 1. What should the

Accounting
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Question added by Joe Akiki , Internal Auditor , Bassil Audit Firm
Date Posted: 2013/06/12
Upvote (1) Views (28) Followers (3) Answers (6) Report Question
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Deleted user
by Deleted user

it will be2958.90

فايزة الفزاني
by فايزة الفزاني , رئيسة قسم , مدقق حسابات

the information of on how many years of repayement is missing

MANIGANDAN RAJAGOPAL
by MANIGANDAN RAJAGOPAL , Buying assistant,Data entry operator , Home center

Interst will be2958.90 for first due .

Joel Bato
by Joel Bato , System Administrator , Emirates Co-operative Society

4000

Joe Akiki
by Joe Akiki , Internal Auditor , Bassil Audit Firm

nothing or Interest Expense of $1,000

SALIK RAFIQUE
by SALIK RAFIQUE , Lecturer , PAC Group of Colleges

3000

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