Question: On March 1, 2018 Mandy Services issued a 5% long-term notes payable for 521000. It is payable over a 3-year tertin $7,000 principal installments on

On March 1, 2018 Mandy Services issued a 5% long-term notes payable for 521000. It is payable over a 3-year tertin $7,000 principal installments on March 1 of each year beginning March 1, 2019 Each yearly installment will include both principal repayment of $7,000 and interest payment for the preceding one-year period. What is the amount of total cash payment that Mandy will make on March 1, 2019? O A. $21,000 OB. $7,525 O C. $8,050 OD. 57.000

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