pring Enabled: Final Exam

Help

Save & Exit

Subm

Required information

Bread Zeppelin, a bakery, purchased a new oven on January $1$st$,2024$ signing a note payable that included $3\%$ interest, agreeing to pay $$1,000$ at the end of each year for $6$ years. The first payment is due December $31$st$,2024.$ Answer the following questions about Bread Zeppelin's purchase, rounding your answers to the nearest dollar:

$($PV table, PVA table$)$

What amount of interest expense will Bread Zeppelin record on $12/31/2024?$

Numeric Response