Interst expense

marbs26 Posts: 1, Reputation: 1

New Member

Jan 26, 2009, 08:15 PM

Interst expense

If a company a four month, 12% note for $32000. How do you calculate the interest expense?

codyman144 Posts: 544, Reputation: 31

Senior Member

Jan 26, 2009, 10:48 PM

12% per year? Please give it a try and next time post your question in homework section.

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