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Crane Company issued a $ 2 0 4 0 0 0 , 3 % , 2 0 - year note payable on January 1 ,

Crane Company issued a $204000,3%,20-year note payable on January 1,2024, with repayment terms of equal monthly instalments plus interest at the beginning of every month with the first payment due on February 1,2024. What amount would represent the December 31,2024, year-end accrued interest expense?
$850
$487
$6120
$1105

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