Use the Information Above to Answer the Following Question

question 82

Multiple Choice

Use the information above to answer the following question.If the effective interest method of amortization is used,how much total interest expense would be recorded in 2013?

• A)$1,000
• B)$1,080
• C)$800
• D)$864

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Definitions:

Electrons

Subatomic particles with a negative charge, orbiting the nucleus of an atom and involved in chemical bonds and electrical current.

Mass Number

The total number of protons and neutrons in the nucleus of an atom, which determines its atomic mass.

Protons

Particles with a positive charge found in the nucleus of an atom, playing a role in the atom's mass and total charge.

Neutrons

Subatomic particles found in the nucleus of an atom, with no electric charge and a mass slightly larger than that of protons.