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What is the amount of total cash payment that mandy make

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Question - On March 1, 2024, Mandy Services issued a 3% long-term notes payable for $23,000. It is payable over a 4 - year term in $5,750 principal installments on March 1 of each year, beginning March 1, 2025. Each yearly installment will include both principal repayment of $5,750 and Interest payment for the preceding one - year period. What is the amount of total cash payment that Mandy will make on March 1, 2025?

Reference no: EM133176819

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