Chapter 16, Problem 16.11DMP

I am searching for the accurate solution to this general accounting problem with the right approach.

I need help solving this general accounting question with the proper methodology.

I need guidance with this general accounting problem using the right accounting principles.

Please explain the solution to this general accounting problem using the correct accounting principles.

General accounting

Suppose that $12,000 is borrowed now at 12% interest per year. A partial repayment of $4,000 is made five years from now. The amount that will remain to be paid then is most nearly:

Can you help me solve this general accounting problem using the correct accounting process?

What was the gain or loss on the disposal?

Please help me solve this general accounting problem with the correct financial process.