Business, 03.11.2020 17:00 heatherswiffin666

an Dayle started a business by issuing an $94,000 face value note to First State Bank on January 1, Year 1. The note had an 6 percent annual rate of interest and a five-year term. Payments of $22,315 are to be made each December 31 for five years. Required What portion of the December 31, Year 1, payment is applied to interest expense and principal

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