[The Following Information Applies to the Questions Displayed Below

question 4

Multiple Choice

[The following information applies to the questions displayed below.]
On January 1, Year 1, Platte Corporation issues a 5-year note payable for $5,000. The interest rate is 5% and the annual payment of $1,156, due each December 31, includes both interest and principal.
-Which of the following shows the effect of the December 31,Year 1 payment?

• A) Option A
• B) Option B
• C) Option C
• D) Option D

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Definitions:

Zombie

In computing, a computer connected to the internet that has been compromised by a hacker, virus, or trojan and can be used to perform malicious tasks under remote direction.

Hackers

Individuals skilled in manipulating or entering computer systems, often with the intent to find vulnerabilities or engage in unauthorized activities.

Social Security Number

A nine-digit number assigned to U.S. citizens and permanent residents, used for tracking individuals for social security and other purposes.

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