Firewood,Inc.signed a three-year note payable for $59,000 at 7% annual interest.What is the interest expense for 2017 if the note was signed on August 1,2017?
A)$2,065
B)$1,721
C)$12,390
D)$4,130

Name: Firewood,Inc.signed a three-year note payable for $59,000 at 7% annual interest.What is the interest expense for 2017 if the note was signed on August 1,2017? A)$2,065 B)$1,721 C)$12,390 D)$4,130
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