Question: Using just the information below from a Debt Schedule within a financial model, calculate 2019 interest expense. Make sure to enter your answer as a

Using just the information below from a Debt Schedule within a financial model, calculate 2019 interest expense. Make sure to enter your answer as a positive numerical value, i.e. $250 should be entered as 250.

Long term debt

2018

2019

Long term debt (beginning of year)

$25,000

Mandatory issuances / (retirements)

0

0

Non-mandatory issuances / (retirements)

($4,000)

0

Long term debt (end of year)

Interest expense

Interest rate

5%

5%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!