# 9. (LO 5) AP Zhang Inc. issues a $497,000, 3-year, 7% instalment note payable on January... ###### Question: 9. (LO 5) AP Zhang Inc. issues a$497,000, 3-year, 7% instalment note payable on January 1. The note will be paid in three annual blended payments of $189,383 each. What is the amount of interest expense that should be recognized by Zhang in the second year? 1.$21,533
2. $23,193 3.$23,968
4. $34,790 10. (LO 5) AP Assume that the note issued by Zhang Inc. in question 9 above will be paid with fixed principal payments of$165,667 each. What is the amount of interest expense that should be recognized by Zhang in the second year?

1. $25,628 2.$23,193
3. $11,596 4.$34,790

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