Question: Need help PLEASE On March 1,2016, Mandau Services issued a 3% long-term note payable for $15,000 It is payable over a 3-year term in $5,000

Need help PLEASE Need help PLEASE On March 1,2016, Mandau Services issued a 3% long-term

On March 1,2016, Mandau Services issued a 3% long-term note payable for $15,000 It is payable over a 3-year term in $5,000 principal installments on March 1 of each year beginning March 1, 2017. Each yearly installment will include both principal repayment of $5,000 and interest payment for the preceding one-year period What is the amount of total cash payment that Mandau will make on March 1, 2017? $5,000 $5,450 $15,000 $5,225

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