Question: On March 1 , 2 0 2 5 , Mandy Services issued a 3 % long - term notes payable for $ 2 5 ,

On March 1,2025, Mandy Services issued a 3% long - term notes payable for $25,000. It is payable over a 5- year term in $5,000 principal installments on March 1 of each year, beginning March 1,2026. 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 Mandy will make on March 1,2026?
A. $5,375
B. $5,750
C. $25,000
D. $5,000
 On March 1,2025, Mandy Services issued a 3% long - term

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