Question: Please write dollar amounts without any comma, point, or $ On November 1, 2012, EZ Products borrowed $48,000 on a 5%, 10-year note with annual

Please write dollar amounts without any comma, point, or $

On November 1, 2012, EZ Products borrowed $48,000 on a 5%, 10-year note with annual installment payments of $4,800 plus interest due on November 1 of each succeeding year. The interest expense accrued at December 31, 2012 for the period of November 1 through year-end is $ ???

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