Please use the rate percentage tables I have provided, to answer the question ...
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Please use the rate percentage tables I have provided, to answer the question
Use the following information for questions 1920. On January 1, 2024, XYZ Company borrowed $240,000 on a 12-year bank loan. The loan, which has an interest rate of 14% compounded semi-annually, requires semi-annual payments of $21,000 to be made at the end of every six months, with the first payment being due on June 30,2024 . 9. The balance in the note payable at June 30,2024 after the first loan payment is made would be equal to: A. $235,800 B. $220,470 C. $219,000 D. $227,400 E. $221,940 The amount of interest expense reported in XYZ Company's 2024 income statement related to this bank loan would be equal to: A. $33,600 B. $65,436 C. $5,880 D. $33,306 E. $32,130 Present Valne of a LumpoSum Future Valuc of a L tump-Sum Present Value of an Annuity Future Value of an Annuity
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