asked 188k views
5 votes
Mindy still owes $25,000 on her home loan. However, she called her loan provider and they informed her that if she were to pay her home loan off today, she would pay $18,500 because she wouldn't have to pay interest for the remainder of the loan. What amount should be recorded in the liabilities section of her statement of financial positions?

asked
User Armunin
by
7.9k points

1 Answer

2 votes
It would be about $6,500. P.S. it been awhile since I did a question like this so it has a 25% chance of being wrong. xD
answered
User Dipen Dadhaniya
by
7.1k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.