On January 1, 2011, Zero Company obtained a $52,000, four-year, 6.5% installment note from Regional Bank. The note requires annual payments consisting of principal and interest of $15,179, beginning on December 31, 2011. The December 31, 2011 carrying amount in the amortization table for this installment note will be equal to:
A) $27,635
B) $40,201
C) $36,821
D) $48,620

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The Answer of On January 1, 2011, Zero Company obtained a $52,000, four-year, 6.5% installment note from Regional Bank. The note requires annual payments consisting of principal and interest of $15,179, beginning on December 31, 2011. The December 31, 2011 carrying amount in the amortization table for this installment note will be equal to:
A) $27,635
B) $40,201
C) $36,821
D) $48,620

On January 1, 2011, Zero Company Obtained a $52,000, Four-Year