Calculate Interest Expense in the Future
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To calculate interest expense in the future, you should do which of the following?
1. Apply a weighted average interest rate times the beginning debt balance
2. Apply a weighted average interest rate times the ending debt balance
3. Apply a weighted average interest rate times the average debt balance over the course of the year
4. None of the above
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This solution explains the proper method to calculate interest expense in the future.
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2. Apply a weighted average interest rate times the ending debt balance
We ...
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