Question: Question 5 1 pts For an answer that requires a dollar amount as the answer, do NOT use a $, commas or decimals. So, if
Question 5 1 pts For an answer that requires a dollar amount as the answer, do NOT use a "$", commas or decimals. So, if you get an answer of "$1,200.00", please input your answer as "1200" The fact pattern is the same for all questions. A company purchased a vehicle on January 1, 2019. The company paid $10,000 at the purchase date and financed the balance of $35,000 with an 8% Note Payable, which requires semi-annual payments on June 30 and December 31 of each year for five years (the last payment will be on December 31, 2023). Each payment is $4,315. How much of the December 31, 2019, payment is allocated to pay the Interest Expense that has accrued since the last payment on June 30, 2019? Please round DOWN to the nearest whole dollar. So, if your answer is "1,283.40", you should input "1283" and NOT "1284
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