On September 1, 2020, ABC Company borrows $40,000 on a 2-month note that charges an annual interest rate of 6 percent. How much total cash will ABC pay when the note matures?

Jane's Donut Co. borrowed OMR 50,000 on March 1, 2018, and signed a one-year note bearing interest at 12%. Interest is payable in full at maturity on March 1, 2019. In connection with this note, how much Jane Co. would pay at March 31, 2019?    Select one: A. 56,000 B. 55,000 C. 54,500 D. 57,000

In January 1, 2020, Mega Corporation issued a $55,000, three-year, 6% installment note from Biggest Bank. The note requires annual payments of $20,576 beginning on December 31, 2020. Use this information to complete the following loan amortization table (round all of your answers to the nearest dollar).   Amortization of Installment Note   For the Year Ending Jan. 1st Carrying Amount   Note Payment (Cash paid)   Interest Expense (6%)   Decrease in Principal   Dec. 31st Carrying Amount 12/31/20                   12/31/21                   12/31/22

TORR, Inc. issues a $500,000, 6%, six-year note on January 1, 20X1. If the monthly payment is $8,286, what is the note's carrying value after the first month's payment is made on January 31, 20X1?