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Assume on December 1, 2017, a company borrows funds to purchase equipment. The company will make the following principal payments: 2018, $5,900 2019, $3,610 2020, $2,050 2021, $1,020 On December 31, 2018, the total long term liabilities will be $______ Please show me how to work this problem

Assume on December 1, 2017, a company borrows funds to purchase equipment.
The company will make the following principal payments:
2018, $5,900
2019, $3,610
2020, $2,050
2021, $1,020
On December 31, 2018, the total long term liabilities will be $______
Please show me how to work this problem
 
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The post Assume on December 1, 2017, a company borrows funds to purchase equipment. The company will make the following principal payments: 2018, $5,900 2019, $3,610 2020, $2,050 2021, $1,020 On December 31, 2018, the total long term liabilities will be $______ Please show me how to work this problem appeared first on Superb Professors.

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