compound interest question?

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itsjudicious

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If a company borrowed $100,000 from a finance company on 1/1/Year1. The company said it will pay $10,000 a year until the loan is paid off. The $10,000 payments include interest at 4% annually. The first of the annual payments is made on 12/31/Year1.

A. What is interest expense related to the note for Year1?
B. What is interest expense related to the note for Year2?
 
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