Business, 20.12.2019 07:31, carlinryan

On march 1, 2018, mandy services issued a 9% long-term notes payable for $15,000. it is payable over a 3 - year term in $5,000 principal installments on march 1 of each year, beginning march 1, 2019. each yearly installment will include both principal repayment of $5,000 and interest payment for the preceding one -year period. what is the amount of total cash payment that mandy will make on march 1, 2019? o

a. $5,675
b. $6,350
c. $15,000
d. $5,000

Answers: 3

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On march 1, 2018, mandy services issued a 9% long-term notes payable for $15,000. it is payable over...