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Cume Company borrowed $24,000 from the Sierra Bank by issuing a 9% three-year note Currie agreed to repay the principal and interest by making annual

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Cume Company borrowed $24,000 from the Sierra Bank by issuing a 9% three-year note Currie agreed to repay the principal and interest by making annual payments in the amount of $9,482. Based on this information, the amount of the interest expense associated with the second payment would be (Round your answer to the nearest dollar)

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