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Apple Co. makes a loan in exchange for a two-year, $8,000 note. The stated interest rate is 6%. The market rate is 4%. What amount

Apple Co. makes a loan in exchange for a two-year, $8,000 note. The stated interest rate is 6%. The market rate is 4%. What amount of premium does the company amortize at the end of the second year? Please round to the nearest whole number.

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