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company borrows $ 6 0 , 0 0 0 from a bank on September 1 , 2 0 1 5 . The note is due

company borrows $

60, 000

from a bank on September

1, 2015 .

The note is due August

31, 2016 .

The interest rate is

10 % .

How much is intorest expense for

2016 ?

.

6, 000

.

4, 000

.

2, 000

.

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