Given the Following Information from an Amortization Table,compute the Effective

question 90

Multiple Choice

Given the following information from an amortization table,compute the effective interest expense and the carrying value for the next line of the table:

• A)Effective Interest $416; Carrying Value $41,177
• B)Effective Interest $423; Carrying Value $41,942
• C)Effective Interest $412; Carrying Value $40,789
• D)Effective Interest $408; Carrying Value $40,397

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