Question: On November 1 , 2 0 2 4 , DKay Designs issued a a one - year installment note to the Bank of Carbondale; principal

On November 1,2024, DKay Designs issued a a one-year installment note to the Bank of Carbondale; principal $48,000 and interest rate 12%. Payments of $4,265, that includes principal and interest, will be made at the end of each month to the Bank of Carbondale (total payments 12). How much interest expense will DKay Designs pay on November 30,2024?
A) $0
B) $480
C) $4,265
D) $3,785
 On November 1,2024, DKay Designs issued a a one-year installment note

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