Page 1 of 1
Your Company loaned of $21,000 to one of the company's employees on May 1, 2021. The one-year note carried a 5% rate of
Posted: Sat Mar 19, 2022 5:45 pm
by answerhappygod
Your
Company loaned of $21,000 to one of the
company's employees
on May 1, 2021. The one-year note carried a 5% rate of interest.
Payment of interest and principal are to be made at maturity on
April 30, 2022. What is the total amount of cash Your
Company
should receive on April 30, 2022?