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Question 4 10 pts Mercer Ltd. signed a $17,000 note carrying...

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Accounting

Question 4
10 pts
Mercer Ltd. signed a $17,000 note carrying 4% interest due in 6 years, with interest due at maturity. If interest is compounded annually, what is the interest due at maturity?
Time Value of Money Table Factors:
present value of annuity, period =6, interest rate =4%:5.24214
present value of $1, period =6, interest rate =4%:.79031
future value of annuity, period =6, interest rate =4%:6.6330
future value of $1, period =6, interest rate =4%:1.26532
Round your answer to a whole number.
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