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zhanurik
Feb 27, 2010, 07:10 PM
Purchased a truck for 28,000. Paid 5000 in cash and signed 3 year note payable for the balance. Annual interest rate on note is 5%. Interest payments are due on quarterly basis. The 1st payment is due May1. What is accrued interest owed for February

morgaine300
Feb 28, 2010, 12:29 AM
Please review the guidelines for posting homework:
https://www.askmehelpdesk.com/finance-accounting/announcement-font-color-ff0000-u-b-read-first-expectations-homework-help-board-b-u-font.html