Question: On November 1 , 2 0 2 4 , A - 1 Products borrowed $ 5 4 , 0 0 0 on a 1 1

On November 1,2024, A -1 Products borrowed $54,000 on a 11%,5-year note with annual installment payments of $10,800 plus interest due on November 1 of each succeeding year. On November 1,2026, after the installment payment is made, what is the balance of the Long - Term Notes Payable account? (Round your answer to nearest dollar.)
A. $43,200
$10,800
C. $32,400
D. $54,000
On November 1,2024, A -1 Products borrowed $54,000 on a 11%,5-year

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