Solution-What should be the amount of interest payable at

What should be the amount of interest payable at the end

Reference no: EM132547005

Question - On June 1, 2018 company issued Notes payable of $525,000. It has tenure of 5 years and interest rate of 6% per annum. Both principle and interest are to be paid at the end of tenure. What should be the amount of interest payable at the end of year?

a) Nil

b) $31,500

c) $18,375

d) $15,750

Reference no: EM132547005

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What should be the amount of interest payable at the end

Reference no: EM132547005

Reference no: EM132547005

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