Business, 04.05.2021 22:00, nadiarose6345
On January 1, Year 1, Barnes Company issued a $100,000 installment note. The note had a 10-year term and an 8 percent interest rate. Barnes agreed to repay the principal and interest in 10 annual payments of $14,903 at the end of each year. The principal balance of the note on January 1, Year 2 is (round your answer to the nearest whole dollar).
a) $100,000
b) $92,000
c) $100,000
d) $92,000
e) $93, 097
f) $96,903
Answers: 1
Business, 21.06.2019 20:20, smelcher3900
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Answers: 3
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Answers: 1
On January 1, Year 1, Barnes Company issued a $100,000 installment note. The note had a 10-year term...
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