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Currie Company borrowed $15,000 from Sierra Bank by issuing a(n) 9% three-year note. Currie agreed to repay the principal and interest by making annual payments
Currie Company borrowed $15,000 from Sierra Bank by issuing a(n) 9% three-year note. Currie agreed to repay the principal and interest by making annual payments in the amount of $4,521. Based on this information, what is the amount of the interest expense associated with the second payment? (Round your answer to the nearest dollar.) Multiple Choice $683 $1,065 $1,350 $4,521
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