Multiple Choice
Trek Company signed a 11%,10-year note for $158,000.The company paid $2700 as the instalment for the first month.What portion of the first monthly payment is interest expense? (Round to the nearest dollar. )
A) $1448
B) $1252
C) $15,867
D) $30,547
Correct Answer:
Verified
Correct Answer:
Verified
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