Multiple Choice
HdG,Inc.accepts a $100,000,5% note from Aberdeen Unlimited on 4/1/16.,and lends money to Aberdeen.Aberdeen agrees to pay 5 equal annual payments on this note beginning 3/31/17.The market rate at the date of issuance of this note was 5%.How much Interest Revenue will HdG record on 3/31/17,the first annual installment payment date?
A) $1,250
B) $5,000
C) $3,750
D) $2,500
Correct Answer:
Verified
Correct Answer:
Verified
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