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Business, 09.07.2019 05:20 dolphin5836

On march 1, 2016, mandau services issued a 7% long-term notes payable for $21,000. it is payable over a 3-year term in $7,000 principal installments on march 1 of each year, beginning march 1, 2017. each yearly installment will include both principal repayment of $7,000 and interest payment for the preceding one-year period. what is the amount of total cash payment that mandau will make on march 1, 2017?

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On march 1, 2016, mandau services issued a 7% long-term notes payable for $21,000. it is payable ove...
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