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Calculate the total interest expense on a $248,000 operating loan borrowed on February 1 at a 10% annual interest rate with repayments projected as $100,000

Calculate the total interest expense on a $248,000 operating loan borrowed on February 1 at a 10% annual interest rate with repayments projected as $100,000 on August 1, $48,000 on September 1, and $100,000 on December 1.

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