Currie Company borrowed $30,000 from the Sierra Bank by issuing a 9% three-year note. Currie agreed to repay the principal and interest by making annual payments in the amount of $11,852. Based on this information, the amount of the interest expense associated with the second payment would be: (Round your answer to the nearest dollar.)

$1,876

Explanation:

The computation of the amount of the interest expense is shown below:-

Year    Annual      Interest           Principal             Outstanding

          Payments   Amount 9%     Amount

0                                                                                  $30,000

1          $11,852    $30,000 × 9%  $11,852 - $2,700   $30,000 - $9,152

                                $2700             $9,152                   $20,848

2         $11,852    $20,848 × 9%   $11,852 - $1,876     $30,000 - $9,976

                                  $1,876         $9,976                     $20,024

b. a single paragraph.

a paragraph is a series of sentences that are organized and make sense, and are all related to a single topic . almost every piece of writing you do that is longer than a few sentences should be organized into paragraphs. this is because paragraphs show a reader where the subdivisions of an essay begin and end, and thus the reader see the organization of the essay into subjects in order to be able to understand its main points.