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Concord Corporation signs a $48000, 8%, 6-month note payable on September 1, 2021. How much interest expense will Concord report in its 2022 financial statements?

Concord Corporation signs a $48000, 8%, 6-month note payable on September 1, 2021. How much interest expense will Concord report in its 2022 financial statements? O $1920 O $1280 O $640 $0

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