Over the Life of a Note Payable,the Amount of Interest

question 58

Multiple Choice

Over the life of a note payable,the amount of interest expense allocated to each period is calculated by

• A)Multiplying the interest rate at issuance of the note by the beginning-of-period balance of the note
• B)Dividing the interest rate at issuance of the note by the beginning-of-period balance of the note
• C)Multiplying the interest rate at issuance of the note by the end-of-period balance of the note
• D)Multiplying the market interest rate at issuance of the note by the beginning-of-period balance of the note
• E)Multiplying either the interest rate or the market interest rate at issuance of the note by the beginning-of-period balance of the note

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