Adele got a loan for $8,000 at 12% for 24 months. The monthly payments are 376.80. After 15 payments, the balance is $3222.44 1. Adele wants to pay off her loan right now. What is the interest on the final payment?
2. If she wanted to pay off the loan right now how much would it cost (use your answer from number one to help)?
3. What would have been the total amount she would have paid if she didn’t pay it off early?
4. How much money has she already paid after 15 payments?
5. How much money was saved by paying the loan off early?

Trecek corporation incurs research and development costs of $625,000 in 2017, 30 percent of which relate to development activities subsequent to ias 38 criteria having been met that indicate an intangible asset has been created. the newly developed product is brought to market in january 2018 and is expected to generate sales revenue for 10 years. assume that a u.s.–based company is issuing securities to foreign investors who require financial statements prepared in accordance with ifrs. thus, adjustments to convert from u.s. gaap to ifrs must be made. ignore income taxes. required: (a) prepare journal entries for research and development costs for the years ending december 31, 2017, and december 31, 2018, under (1) u.s. gaap and (2) ifrs. (c) prepare the entry(ies) that trecek would make on the december 31, 2017, and december 31, 2018, conversion worksheets to convert u.s. gaap balances to ifrs.