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12 June, 19:32

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?

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  1. 12 June, 20:26
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    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
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