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Assuming PepsiCo Purchases Equipment on 1/1/2021 and promises to pay $25,000 to the supplier on 12/31/2021. Annual interest Rate is 5%. What would the interest

Assuming PepsiCo Purchases Equipment on 1/1/2021 and promises to pay $25,000 to the supplier on 12/31/2021. Annual interest Rate is 5%. What would the interest Expense be recorded on 12/31/2021?

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