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Coca-Cola: Coca-Cola Enterprises issued $5,000,000 in bonds payable on January 1, 20X1, carrying an annual interest rate of 7%. These bonds mature in 10 years.

  1. Coca-Cola: Coca-Cola Enterprises issued $5,000,000 in bonds payable on January 1, 20X1, carrying an annual interest rate of 7%. These bonds mature in 10 years. Considering it's now December 31, 20X4, determine the total interest expense recognized over the past four years.

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