Business, 13.08.2021 01:00 mallorynichole19

Currie Company borrowed $20,000 from Sierra Bank by issuing a 10% three-year note. Currie agreed to repay the principal and interest by making annual payments in the amount of $8,042. Based on this information, what is the amount of the interest expense associated with the second payment? (Round your answer to the nearest dollar.) A) $730.
B) $1,396.
C) $2,000.
D) $8,042.

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Currie Company borrowed $20,000 from Sierra Bank by issuing a 10% three-year note. Currie agreed to...