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Posted on Jun 07, 2024

1 point On December 1 , 2 0 2 2 , Harper Co . takes out a $ 1 0 0 , 0 0 0

1

point

On December

1, 2022,

Harper Co

.

takes out a $

100, 000

loan to purchase a new building. The interest rate on the loan is

9 %

per year and the required payments are $

800

per month. What is the interest expense that the company will record for

2022 ?

Type your answer...

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