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% |
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