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On January 1,Zero Company Obtained a $52,000,4-Year,6

Question 66

Multiple Choice

On January 1,Zero Company obtained a $52,000,4-year,6.5% installment note from Regional Bank.The note requires annual payments consisting of principal and interest of $15,179,beginning on December 31 of the current year.The December 31,Year 1 carrying amount in the amortization table for this installment note will be equal to:


A) $27,635
B) $40,201
C) $36,821
D) $48,620

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