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9. (LO 5) AP Zhang Inc. issues a $497,000, 3-year, 7% instalment note payable on January 1. The note will be paid in three annual

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9. (LO 5) AP Zhang Inc. issues a $497,000, 3-year, 7% instalment note payable on January 1. The note will be paid in three annual blended payments of $189,383 each. What is the amount of interest expense that should be recognized by Zhang in the second year? a. $21,533 b. $23,193 c. $23,968 d. $34,790 f16-667 each What

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