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Business, 19.09.2020 01:01 clarajeansonels9987
Jones company lends Alabater Inc. $85,000 on August 6, 2018. This loan was memorialized with a signed note receivable with a repayment term of 90- days with a 10% interest rate. When the loan comes due, Alabaster Inc, must repay the $85,000 principle and $in interest. Calculate the amount of interest that Alabaster Inc. must pay Jones Company.
A) $8,500.
B) $2,095.
C) $2,125.
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Jones company lends Alabater Inc. $85,000 on August 6, 2018. This loan was memorialized with a signe...
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