Multiple Choice
On January 1, 2013, Thames Company purchases property and signs a 6-year mortgage note for $60,000 at 4%. Please see the partial amortization schedule below. 
For the year 2013, what will be the total interest expense recorded by Thames Company for this mortgage?
A) $200.00
B) $9,533.52
C) $11,760.00
D) $2,226.48
Correct Answer:
Verified
Correct Answer:
Verified
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