Business, 16.02.2021 03:20 Animlolie

Roscoe Company purchased equipment on November 1, 2020 and gave a 9-month, 5% note with a face value of $42,139 to pay for the equipment. Interest and principle are paid back when the entire loan is due. What is the amount of total cash paid back at the end of the loan, including principle and interest (this is a simple interest loan)

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Roscoe Company purchased equipment on November 1, 2020 and gave a 9-month, 5% note with a face value...

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