Answered

Join the growing community of curious minds on IDNLearn.com and get the answers you need. Our community provides accurate and timely answers to help you understand and solve any issue.

1) Suppose that South Pangean debt is $100 million and the interest rate it pays on that debt is 4 percent. That means its interest payments must be $___million.
2) If South Pangean expenditures are $30 million without interest payments, that means its expenditures with interest payments are $___million.

Sagot :

Answer and Explanation:

The computation is shown below:

a. The interest payment is

= 4% of $100 million

= $4 million

b. The interest expense without interest payment is

= Expenditures incurred without interest payment + interest payment

= $30 million + $4 million

= $34 million

The same should be considered and relevant

We are delighted to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. Your questions deserve accurate answers. Thank you for visiting IDNLearn.com, and see you again for more solutions.