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Burch Co. issues at par 10-year bonds with a par value of $800,000 dated January 1. 2017. The bond had an annual interest rate of

Burch Co. issues at par 10-year bonds with a par value of $800,000 dated January 1. 2017. The bond had an annual interest rate of 10% payable semi-annually on July 1 and January 1. What amount of interest expense would be accrued for in 2017?

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