To calculate next year's estimated interest expense, use the following formula: Next year's interest expense= Next year's
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To calculate next year's estimated interest expense, use the following formula: Next year's interest expense= Next year's debt x Next year's interest rate Remember to enter the interest rate in decimal form in the calculation. Remember to enter the estimated interest expense to the nearest dollar.
Related Book For
Fundamentals of Financial Management
ISBN: 978-0324272055
10th edition
Authors: Eugene F. Brigham, Joel F. Houston
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